International Business

Items we buy from other countries

• Imports

• Exports

• Foreign Exchange Market

• Exchange Rate

Items we sell to other countries

• Imports

• Exports

• Foreign Exchange Market

• Exchange Rate

Limit of certain goods that may be imported.

• Quotas

• Tariffs

• Embargo

• Balance of Payments

Nation places tax on imported goods

• Quotas

• Tariffs

• Embargo

• Balance of Payments

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

• Quotas

• Tariffs

• Embargo

• Balance of Payments

Some U.S. customs are considered disrespectful or inappropriate in other cultures. When visiting another country, which country's customs should you respect?

• U.S. customs

• The country you are visiting

• Neither country

Timeliness is considered important in every country

• False

• true

It is acceptable to ridicule the religion, customs and beliefs of other cultures.

• True

• false

A set of behaviors, values and attitudes associated with a particular group of people

• Indirect Eye Contact

• Etiquette

• Sociability

• Culture

The immediate space surrounding an individual making them feel comfortable and safe

• Personal Space

• Etiquette

• Sociability

• Cleanliness