INTERNATIONAL BUSINESSES GENERAL KNOWLEDGE PROPROFSQUIZZES

A fair price for goods, specifically for developing country producers for better trading conditions. Some goods it usually includes are crafts, coffee, cocoa, sugar, tea, bananas, honey, cotton, fresh fruit, chocolate, and flowers.

• International

• Fair trade

• Domestic trade

• World Trade Organization

A control on the amount of a product that can be imported into a country.

• Quota

• International

• Negotiate

• Free trade

Something of value that can be useful (natural, human, capital.)

• Culture

• Resource

• Quota

• Export

A good or service purchased and brought in from another country.

• Import

• Export

• Trade

• Negotiate

A tax on a good imported into a country.

• Tarriff

• Translate

• Negotiate

• Embargo

An exchange of a good or service.

• Trade

• Trade barrier

• Ethics

• Import

Some words that are similar (synonyms) include global, world, worldwide, and foreign.

• Culture

• Translate

• International

• Business

A ban on trade with another country for one or all of its goods.

• Embargo

• Free trade

• Market

• Tariff

An organization acting as a court to hear and settle trade disputes among its members; also abbreviated WTO.

• International

• World Trade Organization

• International trade

• Domestic trade

A person who buys products or services.

• Consumer

• Currency

• Culture

• Negotiate