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Factors and Regulations for the Global Economy
1.
UNDERSTANDING BusinessIn a Global
Economy https://flic.kr/p/cL1DWL
2.
Part3: Factors&Regulations Forbusinessintheglobal marketplace https://flic.kr/p/7179o
3.
DomesticBusinessThe making, buying,
and selling of goods and service within a country. https://flic.kr/p/jkrkAG
4.
InternationalBusinessBusiness activities needed
for creating, shipping, and selling goods and services across national borders. https://flic.kr/p/r3gPWa
5.
AbsoluteAdvantageA country can
produce a good or service at a lower cost than other countries. https://flic.kr/p/5NFhTB
6.
ComparativeAdvantageA situation in
which a country specializes in the production of a good or service at which it is relatively more efficient. https://flic.kr/p/bscqLn
7.
https://flic.kr/p/gibiAV Exports-ImportsGoods and services
sold between countries.
8.
https://flic.kr/p/9XVA8 ForeignDebtThe amount of
money a country owes to other countries.
9.
https://flic.kr/p/5tWKPt BalanceofTradeThe difference between
a country’s total exports and total imports.
10.
https://flic.kr/p/qcppmH ForeignExchangeMarketWhere banks buy
and sell different currencies.
11.
https://flic.kr/p/MKKkK ExchangeRateThe value of
a currency in one country when compared with the value in another.
12.
https://flic.kr/p/oHokT4 International Business Environment Factors
13.
https://flic.kr/p/gfJWZC Geography Includes a country’s
location, climate, terrain, seaports, natural resources
14.
https://flic.kr/p/2hGera CulturalInfluence Includes language, religion,
family, food, values, customs, social relationships
15.
https://flic.kr/p/6n7uFT EconomicDevelopment Includes education and
literacy level, inflation, technology, exchange rate, agricultural, dependency, infrastructure, transportation
16.
https://flic.kr/p/5D4K8a Political&LegalConcerns Includes type of
government, stability of government, government policies for businesses relevant to trade barriers
17.
https://flic.kr/p/499hCv Trade Barrier Factors
18.
https://flic.kr/p/9Cv8Xi Embargo when a government
bans the import or export of specified goods.
19.
https://flic.kr/p/kmF46n Quota A limit on
the quantity of good that may be imported or exported within a given period to regulate international trade.
20.
https://flic.kr/p/9nMLWp Tariffs Taxes on certain
imported products which increases prices.
21.
https://flic.kr/p/499hCv Encouragementof International Trade
22.
https://flic.kr/p/4uiE8q Common Market When countries
that are members freely invest in one another. Such as: European Union (EU) or Latin American Integration Association (LAIA)
23.
https://flic.kr/p/6wv9S3 FreeTradeAgreementWhen countries that
are members remove duties and trade barriers on products traded among them to increase trade between members. Such as: NAFTA (North American Free Trade Agreement)
24.
https://flic.kr/p/ob2FtQ FreeTradeZonesInclude selected areas
that allow duty-free products to be imported, and then stored, assembled, and/or used in manufacturing. The activities usually occur around a seaport or airport.
25.
https://flic.kr/p/nfYE5r EntryModetothe GlobalMarketplace
26.
https://flic.kr/p/91JBdY FranchisingAllowing a business
the rights to use another company’s name or process in a specific way.
27.
https://flic.kr/p/9VzTJL LicensingSelling the right
to a company to use some intangible property (production process, trademark, or brand name) for a fee or royalty.
28.
https://flic.kr/p/9aizEX JointVentureWhen two or
more companies agree to share a business project.
29.
https://flic.kr/p/azQx1v Maininternational tradeorganizations
30.
https://flic.kr/p/82xTtv InternationalMonetaryFundHelps promote economic
cooperation and maintain an orderly system of world trade and exchange rates.
31.
https://flic.kr/p/8d3nKB World BankProvides economic
aid to developing countries to fund building communications systems, transportation networks, and energy plans.
32.
https://flic.kr/p/gPncKH World TradeOrganizationSettles trade
disputes and enforces free-trade agreements among its members.
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