International Business - Key Terms Recap

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Across
  1. 2. ? Benefits Lower or preferential tax rates and government incentives offered by some countries.
  2. 3. A country that is growing and industrialising quickly, with incomes rising.
  3. 6. What is being sold. Luxury goods suit wealthy developed markets; cheap essentials suit emerging and less developed ones.
  4. 9. ? of scale. The cost of making each unit falls as a business produces more. Selling worldwide helps it reach that output.
  5. 11. Planning and managing how goods are stored, moved and delivered. One of the main jobs support businesses do.
  6. 13. ? Advantage. A country (or business) should specialise in what it produces relatively most efficiently, and trade for the rest. Both sides end up better off.
  7. 14. Spreading risk across several countries, so a downturn in one does not sink the business.
  8. 15. per unit The cost of making one item. Total cost รท number of units produced.
  9. 16. Two words. The percentage of all sales in a market that one business holds. Getting to a new market before rivals helps win it.
Down
  1. 1. Two words. (MNE)A business that owns or controls operations in more than one country.
  2. 4. Selling goods or services made at home to customers abroad.
  3. 5. Concentrating on producing a narrow range of goods or services, instead of making everything.
  4. 7. Buying goods or services from abroad to use or sell at home.
  5. 8. What it costs to enter and serve a market: tariffs, transport, setting up, local wages and regulation.
  6. 10. business A business that makes trade possible for others, through logistics, freight, marketing or finance.
  7. 12. A tax charged on goods when they are imported into a country. It makes them more expensive to sell there.
  8. 14. A high-income country with established industries and services.