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International Business

A. rubner

Review of terms relating to International Business Grade 12 Course

NAFTA the kinds
tariff cost per item to go down when produced in large quantities
gross domestic product activities that individuals or groups perform to assist individuals
telecommunication 2 or more business combining assets for mutual gain
transparency buying goods or services from another country
globalization total value of goods and serviced produced in a country during a specific period
competitive advantage the reliance of two of more groups to fulfill needs
franchise selling goods or services to another country
services a company authorizes a group to sell its goods or services
innovation a tax imporsed on goods or service
foreign direct investment Free trade agreement between Canada, USA
importing control or own production, distribution outside your country
self sufficiency ability to provide for all of your need without outside assistance
goods countries in the process of becoming industrialized
economies of scale money or other assets available for investment
EU change that extends an initial concept
standard of living outperformance of competitors in many areas
interdependence Alliance of European contries
exporting communication across distance
joint venture the growth and spread of international businesses
capital open sharing of information within a company
invention new product based on a creative idea
developing country raw materials, semi manufactured items

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