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Erstellt von Jenna Ward
vor mehr als 5 Jahre
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Frage | Antworten |
International Business | Commercial transaction that crosses the borders of two or more nations |
Imports | Goods and services purchased abroad and brought into a country |
Exports | Goods and services sold abroad and sent out of a country |
Multinational Corporation (MNC) | Business that has direct investments (marketing or manufacturing subsidiaries) abroad in multiple countries |
Born Global Firm | Adopts a global perspective and engages in international business from or near its inception. |
Globalisation | Greater economic, cultural, political and technological interdependence among national institutes and economies |
Sustainability | Meet the needs of the present without compromising the ability of future generations to meet their own needs |
General Agreement on Tariffs and Trade (GATT) | 1947 treaty promoting free trade by reducing tariffs and non-tariff barriers to international trade. Revised 1994. |
World Trade Organisation (WTO) | International organisation that enforces the rules of international trade |
World Bank | Agency created to provide financing for national economic development efforts |
International Monetary Fund | Agency created to regulate fixed exchange rates and to enforce the rules of the international monetary system |
Gross domestic product (GDP) | Value of all goods and services produced by a domestic economy over a one-year period. Excludes income generated by imports, exports and international operations of companies |
Tariff | Taxes levied on traded goods |
Non-tariff barriers | Limits on the quantity of an imported product |
Gross national product (GNP) | Value of all goods and services produced by a country's domestic and international activities over a one-year period |
GDP or GNP per capita | Nation's GDP or GNP divided by its population |
e-business or e-commerce | Use of computer networks to purchase, sell or exchange products; to service customers; and to collaborate with partners |
Fiscal policy | Use of government revenue collection (taxes) and expenditure to influence the economy. |
Monetary policy | Process by which monetary authority controls inflation or interest rates to ensure price stability |
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