chapter 4 vocab

1. A total ban on specific goods coming into and leaving a country
3. A governments establishment of econmonic policies that systematically restrict imports in order to protect domestic industry
4. Goods and Services purchased from other countries
6. Is a tax on imports
9. Involves letting another company or licensee, use a trademark, patent, special formula, company name, or some other rintulectual property for free or royalty
12. The exchange of goods and services among nations
13. Europes trading bloc.
14. Hiring foreign manufacturure
16. The difference in value between imports and exports
17. Company's use of an existing product or promotion from which changes are made
18. Complete standardizations
20. Goods and Services sold to other countries
21. International trade agreement among the USA, Canada, Mexico

2. Large corporations that have operations in several countries
5. Midsize or smaller companies that have operations in foreign countries
7. The commercial exchange between nations
8. The establishment of a business in a foreign country
10. A business enterprise that a domestic company and a foreign company undertake together
11. A global coalition of nations that make the rules governing international trade
15. Creating specially designed products or promotion as for certain countries or regions
19. Limits either the quantity or the monetary value of a product that may be imported