Chapter 4 Vocab.

2. Difference in the value between a nation's exports and imports.
4. The exchange of goods and services among nations.
5. Collection of nations that makes rules governing international trade.
6. International trade agreement among U.S., Canada, and Mexico.
8. Selling the same product and using the same promotion methods in all countries.
11. All things used in producing goods and services.
14. Goods and services purchased from other countries.
17. Mid size or smaller companies that have operations in foreign countries.
18. Established of a business in a foreign country.
19. Limits the quantity or the monetary value of a product that may be imported.
20. A business enterprise that companies set up together.
22. Commercial exchange between nations without restrictive regulations.

1. Company's use of an existing product/promotion that is changed to suit the region.
3. Europe's trading bloc in a unified currency.
7. Goods and services sold to other countries.
9. Creating specially designed products or promotions for a region.
10. Large corporations that have operations in several countries.
12. Letting other country use a trademark, patent, special formula, company name.
13. Government policy that restricts imports to protect domestic industries.
15. Tax on imports.
16. Organized way a nation provides for the needs and wants of it's people.
21. Total band on specific goods coming into and leaving a country.