Karteikarten
Topic 1 Important Terms
Karten in diesem Stapel (19)
- 1International BusinessCommercial transaction that crosses the borders of two or more nations
- 2ImportsGoods and services purchased abroad and brought into a country
- 3ExportsGoods and services sold abroad and sent out of a country
- 4Multinational Corporation (MNC)Business that has direct investments (marketing or manufacturing subsidiaries) abroad in multiple countries
- 5Born Global FirmAdopts a global perspective and engages in international business from or near its inception.
- 6GlobalisationGreater economic, cultural, political and technological interdependence among national institutes and economies
- 7SustainabilityMeet the needs of the present without compromising the ability of future generations to meet their own needs
- 8General Agreement on Tariffs and Trade (GATT)1947 treaty promoting free trade by reducing tariffs and non-tariff barriers to international trade.
Revised 1994. - 9World Trade Organisation (WTO)International organisation that enforces the rules of international trade
- 10World BankAgency created to provide financing for national economic development efforts
- 11International Monetary FundAgency created to regulate fixed exchange rates and to enforce the rules of the international monetary system
- 12Gross domestic product (GDP)Value of all goods and services produced by a domestic economy over a one-year period. Excludes income generated by imports, exports and international operations of companies
- 13TariffTaxes levied on traded goods
- 14Non-tariff barriersLimits on the quantity of an imported product
- 15Gross national product (GNP)Value of all goods and services produced by a country's domestic and international activities over a one-year period
- 16GDP or GNP per capitaNation's GDP or GNP divided by its population
- 17e-business or e-commerceUse of computer networks to purchase, sell or exchange products; to service customers; and to collaborate with partners
- 18Fiscal policyUse of government revenue collection (taxes) and expenditure to influence the economy.
- 19Monetary policyProcess by which monetary authority controls inflation or interest rates to ensure price stability
Informationen
- Beschreibung
- Glossary of terms from unit BUS202 at University of New England (UNE).
- Erstellt von
- Jenna Ward
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