Across
- 2. Selling products at unfairly low prices.
- 5. The practice of moving a business process that was done domestically at the local factory to a foreign country.
- 6. Relativism The concept that morality varies from one culture to another and that business practices are differentially defined as right or wrong by particular cultures.
- 7. Controls Government restrictions on the amount of a particular currency that can be bought or sold.
- 8. Area Structure A global organizational structure well suited to firms with a low degree of diversification, often based on firms’ geographical areas.
- 10. A limit on the amount of goods an importing country will accept for certain product categories in a specific period of time.
- 12. Globals" Firms founded with the knowledge and resources to accelerate their participation and investment in the global marketplace.
- 14. Outsourcing Contracting with an organization to perform a business function in a country other than the one where the product or service will be sold.
- 15. An alternative to direct investment that requires a licensee to pay commissions or royalties on sales or supplies used in manufacturing.
- 16. Manufacturing The practice of hiring a foreign firm to produce a designated volume of the domestic firm’s product.
- 21. Division Structure A global organizational structure for diversified multinational enterprises where each unit is a self-contained entity.
- 23. The purchase of products from a foreign source.
- 24. An alliance that promotes the free circulation of goods, services, and production factors among member nations in South America.
- 28. Trade Organization (WTO) An entity that promotes free trade among member nations by eliminating trade barriers.
- 29. Company A company that links buyers and sellers in different countries.
- 31. of Trade The difference in value between a nation's exports and its imports.
- 32. (Gross Domestic Product) The market value of a nation's total output of goods and services for a given period.
- 33. Alliance Partnerships that are formed to create a competitive advantage on a worldwide basis.
- 34. Enterprise A firm that has operations or subsidiaries in many countries.
Down
- 1. (Association of Southeast Asian Nations): An alliance that promotes trade and economic integration among member nations in Southeast Asia.
- 3. Division A centralized responsibility for international operations and activities, often organized on the basis of geography.
- 4. Marketing Developing and performing marketing activities across national boundaries.
- 7. Union (EU) An alliance that promotes trade among its member countries in Europe.
- 8. The development of marketing strategies that treat the entire world as a single entity.
- 9. Matrix Structure A global organizational structure designed to achieve both global integration and local responsiveness.
- 11. Ownership A situation in which a company owns subsidiaries or other facilities overseas.
- 13. Venture A partnership between a domestic firm and a foreign firm or government.
- 17. The practice of contracting noncore operations with an organization that specializes in that operation.
- 18. (Regional Comprehensive Economic Partnership): A free trade agreement between 15 nations in the Asia-Pacific.
- 19. A form of licensing where a franchiser grants a franchisee the right to market its product, using its trademark, business format, and procedure.
- 20. The sale of products to foreign markets.
- 22. (United States–Mexico–Canada Agreement): An alliance that merges Canada, Mexico, and the United States into a single market.
- 25. A government's suspension of trade in a particular product or with a given country.
- 26. Tariff A duty levied by a nation on goods bought outside its borders and brought into the country.
- 27. Department A firm's structural subunit of the marketing department or separate department to handle international operations.
- 30. (Asia-Pacific Economic Cooperation): An alliance that facilitates open trade and economic and technical cooperation among member nations throughout the world.