| A | B |
|---|
| competitive prices | A way to be successful in the global market |
| understand the culture | Entrepreneurs who attempt to do business internationally need to ____ |
| tariffs | Taxes imposed by a government on imported or exported goods are called |
| trade missions | A way for small business owners to meet with foreign agents, distributors, or potential business partners |
| cultural | It is important to study each country's _______ differences. |
| exporting | the selling and shipping of products to another country |
| SITC codes | classifying goods sold in the international market |
| IBEX | the electronic commerce systems that allow you to sell products and services online anywhere in the world |
| Gross Domestic Product GDP | the total value of all goods produced during the year |
| trade barriers | taxes, quotas, and other restrictions on goods entering or leaving a country |
| global economy | the interconnected economies of the nations of the world |
| disposable income | money to spend after necessary expenses are paid |
| trade intermediary | an agency that serves as a distributor in a foreign country |
| NAFTA | a trade agreement among the United States, Mexico, and Canada |
| interpreter | translates the other person's |
| best prospect list | the government's list of items recommended for trade missions |
| Russia | an example of a developing country |
| China | the fastest growing economy in the world |
| dress conservatively | one way to show respect in a foreign country |
| technology | changes in trade barriers and _________ are the two main reasons for global economy |
