Fill in the blank: The process by which businesses or other organizations develop international ________ or start operating on an international scale is called globalization.

Fill in the blank: Businesses' ________ are available to people across the world.

Fill in the blank: Businesses now must take into account the ________ of a broader range of people.

What is globalization?

Fill in the blank: The interconnected system of worldwide human and business ________ is a key aspect of globalization.

Fill in the blank: Globalization means businesses develop international influence or start ________ on an international scale.

Fill in the blank: Globalization has led to the creation of ________, places where people gather to buy and sell goods internationally, leading to more competition.

Fill in the blank: Businesses may choose to adjust their ________ and must understand cultural and social nuances as a result of increased global awareness.

Fill in the blank: Businesses have to adapt to changes in ________ to stay in the market, such as social media.

What is one impact of imports on the product market?

Why do some countries import items?

When increased labor is required, manufacturing businesses hire more people, causing the ________ to decline.

What is one impact of exports on the domestic economy?

Exports create jobs by requiring increased labor and hiring more people.

What is the broad term for a country's management of global imports and exports, including laws and regulations?

International law describes rules for how one country will interact with another in global trade.

A formal agreement between countries that states agreed-upon notions of international relations is called a:

International customs comprise a body of laws that controls the flow of goods and services into and out of countries.

Which of the following is NOT a trade restriction mentioned in the image?

Fill in the blank: Trade restrictions like ________, tariffs, and quotas regulate the flow of goods and services into and out of countries.

Fill in the blank: ________ are taxes imposed on imported goods to regulate trade.

When countries decide what to trade and with whom, one of the biggest factors influencing trade is the _________

Businesses in ____________ are more likely to be involved in global trade.

An ____________, also called an emerging market, is an economy that is growing toward becoming more advanced.

Which of the following countries is NOT mentioned as an example of an emerging economy?

Emerging economies have ________ for businesses looking to invest or expand their business activities.

What is an exchange rate?

Exchange rates fluctuate based on which of the following factors?

Fill in the blank: Exchange rates differ due to ______ and demand.

International money markets are systems that enable investments, loans, currency exchanges, and ______ of money from central banks, businesses, and investors.

International money markets that use national currencies make it ______ for businesses to interact.

In addition to currencies, what other environments impact global trade and are at play whenever a business trades internationally?

When conducting business internationally, global business relations can be impacted by _________

Businesses new in the ________ should develop global strategies or methods for conducting business internationally.

Which of the following is a method for conducting business internationally?

To make a product consistently similar in different markets, businesses should _________.

Considering ________ means thinking about how a product can improve lives around the world.

Investing in ________ helps ship items around the world efficiently.

Fill in the blank: When traveling for business, other countries have _______ in regards to culture and citizenship.

Fill in the blank: It is important for business _______ and _______ to prepare as much as possible for the requirements of international travel.

It is important to _______ as much as possible for the requirements of international travel.

Fill in the blank: Business owners and employees should prepare as much as possible for the requirements of _______.

Which of the following is important when traveling for business to other countries?

What is a Passport? Fill in the blank: A Passport is a document that ________ and enables them to travel internationally. US citizens are required to have a passport if they are leaving the country.

What is a Visa? Fill in the blank: A Visa is a special endorsement on a passport that ________.

What is Proof of Citizenship? Fill in the blank: Proof of Citizenship is a document that verifies ________, such as passports, birth certificates, driver’s licenses, and government-issued IDs.

What are Immunizations? Immunizations are medicine that make you ________.