| A | B |
|---|
| A situation where a company sells only its management skills to someone in another country | Management Contract |
| The owners of a corporation. | Stockholders |
| The situation in which a business owner’s personal assets (house, car, etc..) can be used to pay any debts of a business | Unlimited Liability |
| An agreement between two or more companies from different countries to share a business project. | Joint Venture |
| A company actively seeking and conducting exporting operations. | Direct Exporting |
| An organization that conducts business in several countries. | Multinational Company (MNC) |
| The amount of currency of one country that can be traded for one unit of the currency of another country. | Exchange Rate |
| A plan used to start a business, explains what the business is all about, and includes information needed to operate a business. | Business Plan |
| Anything people will accept for the exchange of goods or services. | Money |
| A risk taker who operates a business. | Entrepreneur |
| The difference between Revenue and Expenses | Profit |
| The type of competition when a few large companies control an industry | Oligopoly |
| The type of competition where there are many sellers of similar products | Monopoly |
