DECA chapter 4 vocab

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Across
  1. 2. (FDI) the establishment of a business in a foreign country
  2. 3. a government's establishment of economic policies that systematically restrict imports in order to protect domestic industries
  3. 5. goods and services traded to other countries
  4. 6. involves creating specially designed products or promotions for certain countries or regions
  5. 7. (EU) Europe's trading bloc.
  6. 9. 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. 10. complete standardization
  8. 11. large corporations that have operations in several countries
  9. 12. total ban on specific goods coming into and leaving a country
  10. 14. limits either the quantity or monetary value of a product imported
  11. 15. (WTO) a global coalition of nations that make the rules governing international trade
  12. 16. involves hiring a foreign manufacturer to make products according to a company's specification
  13. 18. a busines enterprise that a domestic company and a foreign company undertake together
  14. 19. a company's use of existing product or promotion from which changes are made
  15. 20. a tax on imports
  16. 21. (NAFTA) a international trade agreement among the US, Canada, and Mexico
Down
  1. 1. commercial exchange between nations conducted on free market principles
  2. 4. exchange of goods and services among nations
  3. 8. midsize or smaller companies that have operations in foreign countries
  4. 13. the difference in value between exports and imports
  5. 17. goods and services purchased from other countries