PRINBF Ch 10 International Business

Front

Making, buying and selling goods and services within a country

Back

Domestic Business

Front

Including all the business activities necessary for creating, shipping, and selling goods and services across national borders

Back

International Business

Front

Items we buy from other countries

Back

Importing

Front

Items we sell to other countries

Back

Exporting

Front

Process of exchanging one currency for another

Back

Foreign Exchange Market

Front

Value of one nation’s currency to another

Back

Exchange Rate

Front

Limit of certain goods that may be imported.

Back

Quotas

Front

Nation places tax on imported goods

Back

Tariffs

Front

One or more nation(s) halt(s) the export of a product to another nation

Back

Embargo

Front

A comparison of amount of foreign currency taken into a country versus amount of domestic currency paid out

Back

Balance of Payments