IBT FINALS IDENTIFICATION

is a project funded by the European Union (EU) aim to foster inclusive economic growth and poverty reduction in the Philippines through improved international trade performance and competitiveness.

refers to the general rise in prices for goods and services within an economy.

has a strong correlation between inflation and exchange rates.

is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.

refers to plans that guide commercial transactions taking place between entities in different countries.

refers to the degree to which the company is able to use the same products and methods in other countries .

refers to the degree to which the company must customize their products and methods to meet conditions in other countries.

is the basic business strategy that any company willing to expand overseas undertakes.

is a strategic approach that companies develop to expand into the global market, aimed at increasing sales across the world.

is a marketing strategy that adapts to the needs and preferences of each local market.