| A | B |
|---|
| global economy | the economies of countries are linked in the marketplace |
| exporting | the selling and shipping of products to another country |
| importing | the buying and shipping of goods from other countries to sell in their own country |
| trade barriers | taxes, quotas, and other restrictions on goods entering or leaving a country |
| tariffs | taxes imposed by a government on imported or exported goods |
| gross domestic product (GDP) | the total value of all goods produced during the year |
| interpreter | a person who translates from one language to another |
| Standard Industrial Trade Classification (SITC) | the United Nations' numeric system for classifying goods sold in the international market |
| International Business Exchange (IBEX) | The U.S. Chamber of Commerce's electronic commerce system |
| trade missions | opportunities that the U.S. government and private agencies offer small business owners to meet and talk with foreign agents, distributors, or potential business partners |
| "best prospect" list | a list of products that other countries are looking to purchase |
| disposable income | money to spend after necessary expenses are paid |
| export management company | a company handling all the tasks related to exporting for a manufacturer for a commission (or a percentage of sales) |
| freight forwarder | someone who will handle overseas shipments for a fee |
| joint venture | a partnership created by two or more companies for a specific purpose over a set period of time |
