International Business Concepts

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Across
  1. 3. The statistics about a human population including details such as age, marital status, income, birth place and household information (number of children, etc)
  2. 5. A good or service brought into a country for sale.
  3. 6. Cost and potential benefit of an opportunity that is deferred or sacrificed in order to act on another opportunity.
  4. 8. International trade left to its natural course without tariffs, quotas, or other restrictions.
  5. 10. The principal international organization that deals with the rules of trade between and among nations.
  6. 14. Political and economic alliance of 28 European countries that have eliminated trade barriers among them.
  7. 15. Customs duty on merchandise imports, the purpose of which is to give a price advantage to similar locally produced goods or to raise revenues for the country.
  8. 16. The growth and spread of interactive international economies and businesses around the world.
  9. 18. Also known as capitalism or private enterprise, an economic system determined by free competition, in which business, consumers and government act independently of one another, market forces and self-interest determine what goods are created and sold.
Down
  1. 1. Barriers by a country to limit imports or force customer prices of imported goods to be less competitive with local goods; includes tariffs, quotas, foreign exchange restrictions, and other regulatory matters.
  2. 2. The values, laws, language, technology, art, music, religion, and literature of a community or nation.
  3. 4. Reliance of two or more groups on the actions of one another to fulfill certain wants or needs.
  4. 7. Refers to a select group of four large, developing countries (Brazil, Russia, India and China) and are distinguished from a host of other promising emerging markets by their demographic and economic potential to rank among the world's largest and most influential economics in the 21st century.
  5. 9. An advantage in which a country or company outperforms others in terms of productivity, quality and price of products, superior service, better technology or higher profit.
  6. 11. The process used by an organization or company to change its structure, product line, or production process to make it more efficient, productive, and competitive; an attempt to increase the company's effectiveness or efficiency, including downsizing, cutbacks, layoffs, and relocating corporate functions and activities to countries that have cheaper labour and few/no union problems
  7. 12. To obtain goods, parts, materials or services from an outside source
  8. 13. The transfer of certain business functions by a company to a branch of the company that is located in another country, usually to save labour costs.
  9. 17. The management of the flow of goods and services both into and out of an organization, from the point of origin to the point of consumption; consists of transportation, inventory management, warehousing and storage, and packaging