Chapter 1 Key Terms foreign market trade business transactions domestic business international...
-
Upload
ashley-may -
Category
Documents
-
view
217 -
download
0
Transcript of Chapter 1 Key Terms foreign market trade business transactions domestic business international...
Chapter 1 Key Terms• foreign market• trade• business• transactions• domestic business• international business• domestic market• foreign or international
trade• trading partner• duty or tariff
• globalization• interdependence• primary industries• secondary industries• branch plant• tertiary industries• service sector• foreign direct investment• portfolio investment• culture industry
Chapter 2 Key Terms• importing• global sourcing• exporting• value added • licensing agreement• exclusive distribution rights• franchise• joint venture• foreign subsidiary• protectionism• trade quotas
• trade embargo• trade sanctions • exchange rate• floating rate• currency revaluation• currency devaluation• terms of trade• hard currencies• soft currencies• currency speculating
Chapter 3 Key Terms• culture• subculture• counterculture• rationalization• monochronic• polychronic• spatial perception• cultural dimensions• Geert Hofstede Cultural
Dimensions• Impact of Culture on
Labour Market pg 79-83
Chapter 4 Key Terms• political system• economic system• market economy• centrally planned economy• mixed economy• democracy• autocracy• underdeveloped countries
• developing countries• developed countries• gross domestic product
(GDP)• business cycle• absolute advantage• opportunity cost• comparative advantage• lobbying
Chapter 5 Key Terms• trade agreement• North American Free
Trade Agreement (NAFTA)• European Union (EU)• euro• trade organizations• World Trade Organization
(WTO)
• Asia-Pacific Economic Co-operation (APEC)
• Group of Eight (G8)• Group of Twenty (G20)• Organization for Economic
Co-operation and Development (OECD)
• World Bank• International Monetary
Fund (IMF)
Chapter 6 Key Terms
• corporate social responsibility (CSR)
• business ethics• ethical imperialism• cultural relativism• pollution• resource depletion
• sweatshops• corporate corruption• dumping• predatory dumping• microcredit• non-governmental
organizations (NGOs)
Chapter 7 Key Terms
• marketing• secondary data• primary data• centralized strategy• decentralized strategy• e-distribution• sales agent• trade show
• royalty• target market• ethnocentrism• demographic information• discretionary income• competitive advantage• economies of scale
Chapter 8 Key Terms• logistics• production logistics• business logistics• supply chain• vertical integration• horizontal integration• point-of-sale terminal• just-in-time (JIT) inventory
systems• letter of credit• supplier management• outsourcing• nearsourcing
• insourcing• offshoring• inshoring• inbound distribution• outbound distribution• receiving process• Ex Works (EXW)• carrier• bill of lading• freight consolidation• containerization
Chapter 9 Key Terms• tax credit• Smart Border Accord• Human Development Index (HDI)• productivity• telecommuting
Chapter 10 Key Terms• subprime mortgage• foreclose• collateral• feed-in tariff• sustainability• passport• visa• duty-free
Questions
• Chapter 1 pg. #32 1-4, 6-7, 15• Chapter 2: pg. 58 #4, 14, 15, 20, 21• Chapter 3 pg. 92 #1-4, 5, 11, 15• Chapter 4 pg. 118 #1,2,4-16, 22, 23• Chapter 5 pg. 152 #3, 4, 5, 6,10, 13, 15, 16, 18, 23,
28-30• Chapter 6 pg. 178 #1-6, 8, 9, 17, 19, 20, 21, 22, 23, 25
• Chapter 7 pg. 214 #1, 2, 3, 4, 5, 6, 7, 8, 9 • Chapter 8 pg. 244# 3, 4, 5, 9, 10, 19• Chapter 9 pg. 274 # 2-14, 18, 20, 21• Chapter 10 pg. 306 # 4, 9, 18