Intro to Unit 5 Business Foundations

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Across
  1. 3. an organization that does business in several countries
  2. 5. when a country imports more than it exports
  3. 7. with more than 180 member nations, this entity helps to promote economic cooperation
  4. 8. the right to use a company name or business process in a specific way
  5. 9. the strategy a company uses when they use the same product and marketing strategy worldwide
  6. 11. created in 1995 to promote trade around the world. The 160 member countries represent 95 percent of world trade
  7. 14. an action imposed by the government to stop the export or import of a product completely
  8. 15. the value of a currency in one country compared with the value in another
  9. 17. a selected area where products can be imported duty-free and then stored, assembled, and/or used in manufacturing
  10. 20. a limit on the quantity of a product that may be imported or exported within a given period
  11. 21. items bought from other countries
  12. 22. a tax that a government places on certain imported products
  13. 23. refers to business activities needed for creating, shipping, and selling goods and services across national borders
  14. 24. a restriction to free trade
Down
  1. 1. a situation in which a country specializes in the production of a good or service at which it is relatively more efficient
  2. 2. an area in which members do away with duties and other trade barriers
  3. 4. created in 1944 to provide loans for rebuilding after World War II. Today, the entity's key function is to give economic aid to less-developed countries
  4. 6. the strategy a company uses when they treat each country or market differently
  5. 10. the making, buying, and selling of goods and services within a countries own borders
  6. 12. selling the right to use some intangible property (production process, trademark, or brand name) for a fee or royalty
  7. 13. n agreement between two or more companies to share a business project
  8. 16. goods and services sold to other countries
  9. 18. If a country exports (sells) more than it imports (buys
  10. 19. exists when a country can produce a good or service at a lower cost than other countries