| A | B |
|---|
| Embargoes | Government sets limit on the quantity of a product that may be imported. |
| Quotas | Government stops the export or import of a product completely. |
| Tariffs | A tax placed on certain imported products. |
| Common Market | No barriers for trade, investment or workers among member countries |
| Free Trade Agreement | A removal of barriers and duties to promote trade among neighboring countries (NAFTA is an example). |
| Free-Trade Zones | Select areas where products can be stored duty-free. Usually a seaport or airport. |
| Franchising | Right to use a company name or business process in a specific way. |
| Licensing | Selling the right to use some property for a fee or royalty. |
| Joint Venture | Agreement between two or more companies to share a project. |
| International Monetary Fund | Maintains an orderly system of world trade and exchange rates. |
| World Bank | Provides economic aid to less developed countries |
| World Trade Organization | Promotes world trade and settles disputes. |
| Domestic Business | Business that occurs within a country. |
| International Business | Business that occurs across national borders. |
