| A | B |
|---|
| international business | businesses in two or more countries |
| Pacific Rim | countries on the edge of Pacific Ocean |
| exporting | selling goods to a foreign country |
| importing | buying goods from a foreign coutnry |
| joint venture | two or more businesses doing business together |
| stategic alliance | business cooperating on a certain aspect together |
| multinational firms | operating businesses in other countries |
| parent firm | a company that controls another company |
| subsidiary | foreign business branches |
| tariff | tax on foreign goods |
| dumping | selling goods at a lower price in another country |
| quota | a limit on quantity |
| non-tariff barrier | barriers that restrict imports |
| embargo | can not do business with another country |
| sanctions | a milder form of an embargo |
| exchange rate | the value of currency |
| World Trade Organization | enforces trade rules |
| NAFTA | trading bloc for US, Mexico and Canada |
| World Bank | provides loans to less developed countries |
| culture | customs, beliefs, values of a country |
