IDENTIFICATION

The exchange of capital goods and services across international borders or territories
INTERNATIONAL TRADE
Charges levied on goods when they cross international boarders
TARRIFS
A person who develops forecasts, goals, and plans for international activities
INTERNATIONAL MANAGER
A form of business arrangement between the owner and a person who pays royalty for the right to do
business under his company’s name and system
FRANCHISING
An agreement giving permissions to domestic firms abroad to process or produce company’s product
under strict under supervision using name, logo, and formula.
LICENSING
An official ban on trade or other commercial activity with a particular country
EMBARGO
Activities among various business entities world-wide that involves reading of goods, services, and
capital across international boarders.
INTERNATIONAL BUSINESS
Selling finished products and unprocessed one including services abroad
EXPORTING
An accepted phenomenon in 21st century
GLOBALIZATION
An important driving force which gave a great t forward trust
LIBERALIZATION
International Financing company of one economy establishes a lasting interest
FOREIGN DIRECT INVESTMENT
A sum of money granted by a public body to assist an industry or business so that the price of
commodity or service
SUBSIDIES
A company that operates facilities such as factories and distribution centers in many countries
GLOBAL BUSINESS

True or false
Economics is the study of scarcity and its implications for the allocation of resources to satisfy needs
and wants

An important licence is an export document that grant permission to conduct a specific international
selling transaction

Countries mainly engage in trade to export what they can produce at a lower cost relative to other
countries while importing what is relatively more expensive to be produced domestically.

International business refers to international trade while global business is a company doing
business across the world.

The importance of international trade for different countries as it is an important factors in raising
living standard and providing employment.

An export licence is a government document that authorize specific international buying transaction.

Financial leverage is the used of borrowed money to finance the purchase of assets with the
expectation of that the income on capital gain from the new asset will exceed the cost of borrowing.

Communications made advancement to transport of goods.

ENDOWMENT refers to the extent to which a country is gifted which such resources as land, labor,
and capital.
A multinational company is a company that operates in its other countryaround the world as well as
its home country.