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International Business Vocab 1

AB
Business ethicsa set of ideas about how a company should conduct business in relation to legal, social, and environmental issues
Social responsibilitythe duty to do what is best for society
International companya company that conducts business across national borders
Stakeholdersindividuals or groups of people who have a direct interest, involvement, or investment in something
International businessany activity involving business operations across national borders
Code of ethicsA statement that explains what a company or group believes is proper and improper conduct
Domestic companya company that conducts business in only one country
Global dependencethe concept that all counries depend on each other for trade
Ethicsa set of moral principles by which people conduct themselves, personally, socially, or professionally
Globalizationthe increasing integration of the world economy
Businessany activity that seeks profit by providing goods or services to others


Business Education
Grassfield High School
Chesapeake, VA

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