Global Business Test 1 Chapters 1 - 5 Flashcards

​Learn, study, and revise Global Business Chapters 1 - 5 with our flashcards quizzes. Study, learn and revise Global Business Chapters 1 - 5 with our quiz-based flashcards. This flashcard is simple and easy to use and is more fun-oriented.

47 cards   |   Total Attempts: 184
  

Cards In This Set

Front Back
Commercial transaction that crosses the borders of two or more nations
INTERNATIONAL BUSINESS
Goods and services purchased abroad and brought into a country
IMPORTS
Goods and services sold abroad and sent out of a country
EXPORTS
Use of computer networks to purchase, sell, or exchange products; service customers; and collaborate with partners
E-BUSINESS (E-COMMERCE)
Trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies
GLOBALIZATION
Treaty designed to promote free trade by reducing both tariffs and nontariff barriers to international trade
GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)
International organization that enforces the rules of international trade
WORLD TRADE ORGANIZATION (WTO)
Value of all goods and services produced by a domestic economy over a one-year period
GROSS DOMESTIC PRODUCT (GDP)
Value of all goods and services produced by a country's domestic and international activities over a one-year period
GROSS NATIONAL PRODUCT (GNP)
Nation's GDP or GNP divided by its population
GDP OR GNP PER CAPITA
Agency created to provide financing for national economic development efforts
WORLD BANK
Agency created to regulate fixed exchange rates and enforce the rules of the international monetary system
INTERNATIONAL MONETARY FUND (IMF)
Business that has direct investments abroad in multiple countries
MULTINATIONAL CORPORATION (MNC)
Company that adopts a global perspective and engages in international business from or near its inception
BORN GLOBAL FIRM
Set of values, beliefs, rules and institutions held by a specific group of people
CULTURE