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Chapter 15

Chapter 15 Notes and terms

AB
What is it called when you decide to market your service or product in another town, city, county, state, or country?Geographic expansion
What is the fist stage of a products life?Introduction
What is the second stage of a products life?Growth
What is the third stage of a products life?Maturity
What is the fourth stage of a products life?Decline
What are Products & Services that are produced in one country and sent to another to be sold?Exports
What are Products and services that are brought in from another country to be sold?Imports
What is a limit on the amount of a product that can be imported into a country over a particular period of time?Quota
What is a tax on imports?Tarrif
What is a standard of quality an imported product must meet before it can be sold?Qualitative Restriction
Who can help you with questions about doing business overseas?U.S. Department of Commerce, Office of International Trade of the SBA, International Trade Administration, Bureau of Export Administration
What is the set of customs, beliefs, and social attitudes that characterize a particular group of people?Culture


Business Education Teacher
Carson Middle School
GA

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