International Business

3. a set limit on the quantity of a product that may be imported or exported within a given time period
4. The making, buying, and selling of goods and services within a country
7. exists when a country specializes in the production of a good or service with a lower opportunity cost
10. the value of the currency in one country compared with the value of another
11. a nation's transportation, communication, and utility systems
12. an agreement between two or more companies to share a business project
14. the difference between the amount of money that comes into a country and the amount that goes out of a country
17. When a country exports (sells) more than it imports (buys)
19. products that can be bought and sold
20. Business activities needed for creating, shipping, and selling goods an services across national borders
22. members do away with duties and other trade barriers allowing companies to invest freely in each other's countries (EU)
23. the right to use a company name or business process in a specific way

1. When a country imports (buys) more than it exports (sells)
2. a company treats each country market differently
5. a company uses the same product and marketing strategy worldwide
6. tax that a government places on certain goods and services coming into a country
8. when a government stops the export or import of products completely
9. selected area where products can be imported duty free and then stored, assembled, and/or used in manufacturing
13. exists when a country can produce a good or service at a lower cost than other countries
15. member countries agree to remove duties and trade barriers on products traded among them (NAFTA)
16. Bringing in goods or services produced somewhere else to sell
18. Selling the right to use some intangible property such as a trademark or brand for a fee or royalty
21. Selling a good or service from this country to another country