Chapter 4

2. government's establishment of economic policies that systematically restrict imports in order to protect domestic industries
3. difference in value between imports and exports
6. involves creating specially designed products or promotions for certain countries or regions
11. company's use of existing product or promotion from which changes are made
12. commercial exchange between nations that is conducted on free market principles
13. complete standardization
16. a total ban on specific goods coming into and leaving a country
17. goods and services sold to other countries
18. europe's trading block
19. exchange of goods and services among nations
21. large corporations that have operations in several countries

1. involves hiring a foreign manufacturer to make products according to a company's specifications
4. global coalition of nations that make the rules governing international trade
5. limits either the quantity or the monetary value of a product that may be imported
7. midsize or smaller companies that have operations like foreign countries
8. establishment of a business in a foreign country
9. business enterprise that a domestic company and foreign company undertake together
10. international trade agreement among the US, Canada, and Mexico
14. involves letting another company use a trademark for a free royalty
15. goods and services purchased from other countries
20. a tax on imports