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Chapter 4 Business Management

AB
international businessbusiness activities that occur between two or more countries
exportingselling products to another country
importingbuying products from another country
quotalimits the quantity or value of units permitted to enter a country
exchange ratethe value of one's currency to another
culturecustoms beliefs and values of people from a country
dumpingpractice of selling goods in a foreign market at a price below cost
embargoa government who bars a company from doing business with a country


IL

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