LESSON 5 GLOSSARY PUZZLE

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Across
  1. 3. This is a result of globalization, allowing companies to use third parties (from other nations) to fulfill their business activities for a cheaper cost.
  2. 5. The act of offering money to an individual in order to get an objective fulfilled illegally.
  3. 7. Another globalization strategy that leverages the company’s needs in a global view as well as the efficiency of domestic business goals. It’s a mixture of both concepts.
  4. 9. A globalization strategy that considers the world economy as one big market overlooking the endemic cultures of each economy.
  5. 12. These types of trade agreements only involve two regions/countries.
Down
  1. 1. Creations/Inventions of the mind that can be provided with patent rights. Type of property
  2. 2. Segment of economy that concerns large-scale factors such as monetary issues and globalization.
  3. 4. Globalization strategy which considers the cultural scope of the market, and focus on initiating business goals to meet the domestic market.
  4. 6. Trade system in opposition to free trade that promotes the importance of domestic trade over international trade
  5. 8. Trade groups built to facilitate free flow of goods and services in international business. (Trade _________)
  6. 10. Taxes that are levied on imported goods by the relevant government in order to obtain profit.
  7. 11. An agreement that ensures a company doesn’t have to be subjected to double taxation, especially when it’s a multinational business. (A tax _____)