deca chapn4 vocab

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Across
  1. 4. venture- a business enterprise that a domestic company and a foreign company undertake together
  2. 7. Manufacturing- hiring a foreign manufacturer to make products according to a company's specification
  3. 9. Quota- limits either the quantity or the monetary value of a product that nat be imported
  4. 13. trade- commercial exchange between nations that is conducted on free market principles without any regulations
  5. 14. companies use of existing product
  6. 15. involves creating specially designed products or promotions for certain regions or countries
  7. 18. a government's establishment of economic policies that systematically restrict imports in order to protect domestic industries
  8. 19. complete standardization
  9. 20. Union- europe's trading bloc
  10. 21. of trade- the difference in value between exports and imports
Down
  1. 1. large corporations that have operations in several countries
  2. 2. and services sold to other countries
  3. 3. involves letting another company or license use a trademark, patent, special formula, company name, or some other intellectual property for a fee or royalty
  4. 5. tax on imports
  5. 6. Trade Organization- a global coalition of nations that make the rules governing international trade
  6. 8. goods and services purchased from other countries
  7. 10. trade- the exchange of goods and services among nations
  8. 11. direct investment- establishment of a business in a foreign country.
  9. 12. American Free Trade Agreement- an international trade agreement among the US, canada, and mexico
  10. 16. nationals- midsize or smaller companies that have operations in foreign countries
  11. 17. a total ban on specific goods coming into and leaving the country