Chapter 4 vocab

2. organized way a nation provides for the needs and wants of it's people
4. of Trade Difference in the value between a nation's exports and imports
6. Direct Investment (FDI) Establishment of a business in a foreign country
10. Trade the exchange of goods among nations
12. Large corporations that have operations in several countries
13. good purchased from other countries
15. Government policy that restricts imports to protect domestic industries
16. Trade Commercial exchange between nations without restrictive regulations
17. American Free Trade Agreement (NAFTA) International trade agreement among U.S. Canada, and Mexico
20. Creating specially designed products or promotions for a region
22. Company's use of an existing product/promotion that is changed to suit the region

1. Letting other country use a trademark,Patent, special formula, company name
3. Selling the same product and using the same promotion methods in all countries
5. Goods and services sold to other countries
7. Total band on specific goods coming into and leaving a country
8. Mid size or smaller companies that have operations in foreign countries
9. Venture A business enterprise that companies set up together
11. all things used in producing goods and services
14. Union Europe's trading bloc in a unified currency.
18. Limits either the quantity or the monetary value of a product that may be imported
19. Trade Organization (WTO) Collection of nations that makes rules governing international trade
21. Tax on imports