Global Business

2. a physical limit on the quantity of imports allowed in a country. (5)
4. exporting (selling abroad) and importing (buying from abroad)(13,5)
5. new industries that have yet to establish themselves.(6,10)
7. goods and services that a firm produces in its home market, but sells in a foreign market. (7)
10. a collection of statistics that are combined into an index, ranking countries according to their human development. (3)
12. where an overseas firm sells large quantities of a product below cost in the domestic market. (7)
13. the economies of developing countries where there is rapid growth, but also significant risk. (8,9)
17. the growing integration of the world's economies. (13)
18. the theory that a country should specialise in products and services that it can produce more efficiently than any other country (11,9)
19. taxes that are imposed on imports. (6)

1. an increase in a country's productive capacity. (8,6)
3. - companies that own or control production or service facilities outside the country in which they are based. (13,9)
6. a production strategy where a business focuses on a limited scope of products or services. (14)
8. measures designed to restrict trade. (5,8)
9. a complete ban on international trade. (7)
11. financial support given to a domestic producer to help compete with overseas firms. (7)
14. goods and services that are brought into one country from another. (7)
15. the idea that a business should specialise in any area where it can perform better than its competitors. (11,9)
16. an international organisation that promotes free trade. (3)
20. business investment undertaken by a firm in another country e.g. building a factory. (3)