| A | B |
|---|
| International Business | business activities that occur between two or more countries |
| Pacific Rim | countries located on the western edge of the Pacific Ocean |
| World Trade Organization | international organization that enforces rules governing trade among countries |
| Tradeing Bloc | arrangment between two or more countires to remove all restrictions on sale of goods and services among them while imposing barriers to trade and investmenet with countries that are not part of the bloc |
| European Union | trading bloc of the European nations |
| Euro | currency of the European Nations |
| Nort American Free Trade Agreement | trading bloc consisting of the United States |
| International Monetary Fund | international institution that helps financially strapped countries pay for imports or repay loans |
| World Bank | international institution that provides low-cost |
| Exporting | when a company sells its goods and services to a foreign country |
| Importing | buying goods or services made in foreign |
| International Licensing | arrangment in whichone company allows a different company in another country to make and sell its products according to certain specifcations |
| Joint Ventures | two or more businesses that agree to provide a good or service sharing the costs of doing business and also the profit |
| Wholly Owned Subsidiary | when a firm sets up a business aboard on its own without any parteners |
| Strategic Alliances | arrangments in which firms agree to cooperate on curtain aspects of business while remaining competitors on other aspects |
| Multinational Firms | a business that owns or controls production or service facilities outside the country in which it is based |
| Home Country | the coutry in which a multination corporation has it is based |
| Host Country | the foreign country where a multinational firm has production and serivce facilities |
