| A | B |
|---|
| multinationals | large companies with a great number of foreign branches and affiliates |
| balance of trade | the monetary difference between a country's imports and exports |
| World Trade Organization | coalition of nations that makes rules governing international trade |
| Licensing | use of a trademark, patient, or company name for a fee |
| Embargo | a ban on certain goods entering or leaving a country |
| Exports | goods and services sold to other countries |
| Quota | limits either the quantity or monetary value of an imported product |
| Protectionism | restrict imports in order to protect domestic industries |
| Tariffs | taxes on goods entering a country |
| Foreign Direct Investments | establishment of a business in a foreign country |
| mini-nationals | offices and manufacturing plants established abroad by domestic businesses |
| multinations | large corporations that have operations in several countires |
| Globization | selling the same product and using the same promation methods in all countries |
| Adaptation | companys use of an existing product and/or promation to which changes are made. |
| customination | creating speically designed products or promations for certain countires or regions |
| contract manufacturing | hiring a foreign manufacturer to make products,accroding to your specifications |
| Joint venture | business enterprise that companies set up together |
| North American Free Trade Agreement | international trade agreement among the U.S.,canada,mexico. |
| European Union | Europe's trading block |
| Free Trade | commercial exchange between nations that is conducted on free market prinicples,without restrictive regulations |
| international Trade | exchange of foods and services among nations |
