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Global Market - Ch. 3

Cindy

Trading within the Global Market

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Across
2.When a firm allows a foreign company to produce its products in exchange for a fee
6.Tax on imports, making imported goods more expensive
9.A force that Electra had to contend with when establishing a manufacturing facility in Taiwan
10.When a firm sells others the rights to use the name and sell a product/service in a given area
13.Electra became this to Trek when Trek acquired Electra in 2014
14.The lowering of the value of a nation's currency relative to others
15.When the value of a country's exports is less than that of its imports
Down
1.A complete ban on the import or export of a certain product or the stopping of all trade with a country
3.Buying raw materials or finished goods from another country
4.Selling raw materials or finished goods to another country
5.When the value of a country's exports is more than that of its imports
7.A company is considered this when it manufactures and markets products in many different countries
8._________ advantage is the theory that a country should sell what it produces most effectively to other countries and buy products it cannot produce effectively
11.____________ manufacturing is a strategy Electra used to expand globally
12._________ of trade is the nation's value of exports minus its value of imports

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