Ch 3 Competing in the Global Marketplace

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Across
  1. 1. The policy of permitting the people and businesses of a country to buy and sell where they please without restrictions.
  2. 4. A total ban on imports or exports of a product.
  3. 5. The ability to recognize and react to international business opportunities.
  4. 8. Offers low-interest loans to developing nations.
  5. 11. Goods and services produced in one country and sold to other countries.
  6. 13. Sending work functions to another country.
  7. 14. Laws that require a company earning foreign exchange (foreign currency) from its exports to sell the foreign exchange to a control agency, such as a central bank.
  8. 16. The practice in which a foreign firm manufactures private-label goods under a domestic firm’s
  9. 17. A tax imposed on imported goods.
  10. 19. Corporations that move resources, goods, services, and skills across national boundaries.
  11. 22. The situation when a country can produce and sell a product at a lower cost than any other country.
  12. 24. Goods and services that are bought from other countries.
  13. 25. Each country should specialize in the products that it can produce cheaply.
  14. 27. The difference between the value of a country’s exports and the value of its imports during a specific time.
Down
  1. 2. Active ownership of a foreign company or of manufacturing or marketing facilities in a foreign country.
  2. 3. A system in which prices of currencies move up and down based upon the demand for and supply of the various currencies.
  3. 6. The practice of selling domestically produced goods to buyers in another country.
  4. 7. Boosts the culture and interests of one country over those of all other countries.
  5. 9. A limit on the quantity of a certain good that can be imported.
  6. 10. A lowering of the value of a nation’s currency relative to other currencies.
  7. 12. An agreement in which a domestic firm buys part of a foreign firm.
  8. 15. A form of international trade in which part or all of the payment for goods or services is in the form of other goods and services.
  9. 18. An area where the nations allow free, or almost free, trade among each other while imposing tariffs on goods of nations outside the zone.
  10. 20. The legal process involving trademark, patent, trade secret, or other proprietary knowledge.
  11. 21. A 1993 agreement including Canada, Mexico, and the United States.
  12. 23. When a country exports more than it imports.
  13. 24. The basic institutions and public facilities upon which an economy’s development depends.
  14. 26. When a country imports more than it exports.