Chapter 4 Vocab

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Across
  1. 2. a business enterprise that a domestic company and a foreign company undertake together
  2. 5. goods and services purchased from other countries
  3. 9. the commercial exchange between nations that is conducted on free market principles without any regulations
  4. 11. a company's use of an existing product or promotion from which changes are made
  5. 12. a tax on imports
  6. 14. involves letting another company or licensee use a trademark, patent, special formula, company name, or some other intellectual property for a fee or royalty
  7. 17. the exchange of goods and services among nations
  8. 18. a government's establishment of economic policies that systematically restrict imports in order to protect domestic industries
  9. 20. the difference in value between exports and imports
  10. 21. limits either the quanity or the monetary value of a product that may be imported
Down
  1. 1. the establishment of a business in a foreign country
  2. 3. an international trade agreement among the US, Canada, and Mexico
  3. 4. involves hiring a foreign manufacturer to make products according to a company's specifications
  4. 6. involves creating specially designed products or promotions for certain countries or regions
  5. 7. a global coalition of nations that make the rules governing international trade
  6. 8. Europe's trading bloc
  7. 10. a total ban on specific goods coming into and leaving a country
  8. 13. large corporations that have operations in several countries
  9. 15. goods and services sold to other countries
  10. 16. midsize or smaller companies that have operations in foreign countries
  11. 19. complete standardization