chapter 4 vocab

2. is a business enterprise that a domestic company and a foreign company undertake together.
4. involves creating specially designed products or promotions for certain countries or regions.
5. are large corporations that have operations in several countries.
6. is a total ban on specific goods coming into and leaving a country.
7. is a governments establishment of economic policies that systemically restrict imports in order to protect domestic industries.
12. many countries around the world favor and practice this.
13. is the establishment of a business in a foreign country.
14. an imports limits either the quantity or the monetary value of a product that may be imported.
17. are goods and services purchased from other countries.
19. is the exchange of goods and services among nations.
20. means complete standardization.

1. the difference in value between exports and imports.
3. is an international trade agreement among the united states, canada, and mexico.
6. is europes trading bloc.
8. involves hiring a foreign manufacturer to make products according to a company's specifications.
9. involves letting another company, or license, use a trademark, patent, special formula, company name, or some other intellectual property for a fee or royalty.
10. is a company's use of an existing product or promotion from which changes are made.
11. are midsize or smaller companies that have operations in foreign countries.
15. is a global coalition of nations that make the rules governing international trade.
16. are goods and services sold to other countries.
18. a tax on imports.