Global Marketplace Vocabulary

A company or organization that sells products or provides services for customers.

• Marketplace

• Business

Items created for use

• Services

• Products

Work done by someone for someone else.

• Service

• Subsidy

A place where businesses and customers can interact with one another

• Marketplace

• Free Trade

A code of conduct that helps determine what is good, right, and proper

• Etiquette

• Ethics

A situation in which a choice has to be made based on conflicting values

• Ethical Dilemma

• Culture

The way of life of a group of people who share traditions, interests, beliefs, and everyday activities

• Etiquette

• Culture

An informal set of rules of how to act in a particular situation

• Etiquette

• Culture

The exchange of a product or service.

• Trade

• Marketplace

The exchange of products and services between people and business in different countries.

• International trade

• Free Trade