| A | B |
|---|
| intermediary | a distributor |
| processors | changes raw materials into more finished products |
| cooperative | owned & operated by members for purpose of saving money on purchases of goods & services |
| nonprofit organizations | private hospitals, schools, museums |
| partnership | business owned by 2 or more persons who share risks & responsibilities |
| services | products of a skill or activity, such as hairstyling |
| limited liability | major advantage of a corporation |
| wholesaler | business that moves products btwn businesses or btwn businesses and the public |
| stock | share of corporte ownership |
| sole proprietorship | business owned by one person |
| imports | products the US buys from Mexico |
| trade disputes | conflict over global competition |
| tariff | tax placed on imports to increase theor price in the domestic market |
| NAFTA | trade alliance btwn US, Canada & Mexico |
| exports | products the US sells to Mexico, Japan and other countries |
| foreign exchange market | banks where different currencies are exchanged |
| currency | pesos, dollars, yen |
| free trade | belief that there should be no limits on trade |
| protectionism | tax placed on imports to increase theor price in the domestic market |
| embargo | when a government stops imports or exports of a product |
