Key Terms Ch 4 A.L.

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Across
  1. 3. An agreement in which a domestic firm buys part of a foreign firm or joins with a foreign firm to create a new entity.
  2. 4. A lowering of the value of a nation’s currency relative to other currencies.
  3. 8. A system in which prices of currencies move up and down based upon the demand for and supply of the various currencies.
  4. 9. An unfavorable balance of trade that occurs when a country imports more than it exports.
  5. 10. The practice of charging a lower price for a product in foreign markets than in the firm’s home market.
Down
  1. 1. The policy of permitting the people and businesses of a country to buy and sell where they please without restrictions.
  2. 2. The practice in which a foreign firm manufactures private-label goods under a domestic firm’s brand name.
  3. 5. Goods and services that are bought from other countries.
  4. 6. Sending work functions to another country resulting in domestic workers losing their jobs.
  5. 7. Goods and services produced in one country and sold to other countries.