Across
- 3. Division Structure A structure where each product line operates as a self-contained unit responsible for its own operations.
- 5. Outsourcing Hiring an organization in another country to perform some or all business functions.
- 8. Globals Firms founded with the knowledge and resources to accelerate their participation and investment in the global marketplace.
- 9. of Southeast Asian Nations (ASEAN) An alliance that promotes trade and economic integration among Southeast Asian countries.
- 11. The purchase of products from a foreign source.
- 12. The sale of products to foreign markets.
- 16. A government’s suspension of trade in a particular product or with a given country.
- 19. An arrangement in which a licensee pays royalties for the right to use another company’s property or product.
- 21. Common Market (MERCOSUR) An alliance that promotes free circulation of goods, services, and production factors among South American nations.
- 23. Alliance A partnership formed to create a competitive advantage on a worldwide basis.
- 24. Matrix Structure A structure designed to balance global integration and local responsiveness.
- 25. Trade Organization (WTO) An entity that promotes free trade among member nations by eliminating trade barriers and educating about trade rules.
- 27. Economic Cooperation (APEC) An alliance that facilitates open trade and cooperation among Pacific Rim nations.
- 29. Controls Government restrictions on the amount of a particular currency that can be bought or sold.
- 31. Enterprise A firm that operates or has subsidiaries in multiple countries.
- 32. Moving a business process from a domestic location to a foreign country.
- 34. Tariff A duty levied by a nation on goods bought outside its borders and brought into the country.
- 35. Contracting noncore operations to another organization that specializes in that operation.
Down
- 1. Relativism The belief that morality varies from one culture to another and that business practices differ by culture.
- 2. Union (EU) An alliance that promotes trade among its member countries in Europe.
- 4. Area Structure A structure organized by region or country to allow local market responsiveness.
- 6. Developing marketing strategies that treat the entire world or major regions as a single entity.
- 7. Department A subunit or separate department that manages a company’s international operations.
- 10. A limit on the amount of goods an importing country will accept for certain products during a specific period.
- 13. Selling products in foreign markets at unfairly low prices.
- 14. Ownership When a company owns subsidiaries or facilities in foreign countries.
- 15. States–Mexico–Canada Agreement (USMCA) An alliance merging Canada, Mexico, and the United States into a single market, replacing NAFTA.
- 17. Venture A partnership between a domestic firm and a foreign firm or government.
- 18. Comprehensive Economic Partnership (RCEP) A free trade agreement among 15 Asia-Pacific nations made up of ASEAN members and their partners.
- 20. Domestic Product (GDP) The market value of a nation’s total output of goods and services for a given period.
- 22. of Trade The difference in value between a nation’s exports and its imports.
- 26. Division A company unit that centralizes responsibility for all international activities, often organized by geography.
- 28. Marketing Developing and performing marketing activities across national boundaries.
- 30. Manufacturing Hiring a foreign firm to produce a designated volume of a domestic firm’s product or component.
- 33. Company A company that links buyers and sellers in different countries.