International trade MERITO

The market consisting of the country where a company is based

• servant market

• local market

• domestic market

• bear market

A contract which allows another company to make your product and states the terms of payment

• franchise agreement

• sole distribution agreement

• patent agreement

• licence agreement

Cash incentives provided by a government to encourage a company to do business overseas

• export taxes

• export licence

• export tariffs

• export subsidies

The prosperity of a country is measured in

• GNI

• GNP

• GDP

A body which negotiates and then monitors international trade agreements

• WTO

• customs authorities

• GATT

• World Bank

A large company with subsidiaries in many different countries

• multinational

• world-wide

• holding company

• corporation