All the businesses activity involved in making, buying, and selling product within a nation’s borders

The buying and selling of goods and services across national borders

Goods and services that are produced within a country’s borders and sold in another country

Goods, services, and capital that are brought into a country from outside its borders

Exists when a country can produce goods more efficiently and at a lower cost than another country

Exists when a country specializes in producing a product at which it is relatively more efficient

The difference between a nation’s exports and it’s imports

The total amount of money that comes into a country, minus the total amount of money that goes out for a specific period of time

The cost to convert one currency into another

Exchange rate is set by the market forces of the supply and demand in the foreign exchange market

The body of laws related to the exchange of goods and services for international trade

 Any government action taken to control or limit the amount of imports

A government order that prohibits trade with a foreign country

Embargoes that affect only certain goods

A governmental tax on imported goods

 A limit on the amount of a product imported into a country during a specific period of time

A document listing the conditions and terms for importing and exporting products between countries

A group of countries that has joined together to trade as if they were a single country

Planning and managing the flow of goods, services, and people to a destination

The process of sending and receiving messages between people of various cultures

The use of English by people with a different native language

Having people from different backgrounds, cultures, or demographics coming together in a group

A business that operates in more than one country

When a business sells the right to manufacture its products or use its trademark

The right to sell a company’s goods or services in a specific area

The parent company that owns the chain and the brand

The person or company that buys the rights to use the brand

A partnership of two or more companies that work together for a specific business purpose

The connection made among nations when economics freely move goods, labor, and money across borders