Types of corporations and businesses

International business

All business activities that involve exchanges across

national boundaries

Common market

Members do away with duties and other trade barriers

World Trade Organization (WTO)

- settle trade disputes and enforces free-trade agreements between its members

- powerful successor to GATT that incorporates trade in goods, services, and ideas

International Monetary Fund (IMF)

an international bank that makes short-term loans to developing countries experiencing balance-of-payment deficits (Promote exchange rate stability)

General Agreement on Tariffs and Trade (GATT)

an international organization of nations dedicated to reducing or eliminating tariffs and other barriers to world trade

Multilateral development bank (MDB)

An internationally supported bank that provides loans to developing countries to help them grow

World bank

A cooperative banking institution with 189 member countries

U.S. Small Business Administration

- provides up to $5 million in short-term loans to U.S. small business exporters.- also provides small businesses that have exporting potential, but need funds to cover the initial costs of entering an export market

Export-Import Bank of the United States

an independent agency of the U.S. government whose function is to assist in financing the exports of American firms

Affirmative action program

A plan designed to increase the number of minority employees at all levels within an organization.

Equal Employment Opportunity Commission (EEOC)

A government agency with the power to investigate complaints of employment discrimination and the power to sue firms that practice it

Multinational enterprise

a firm that operates on a worldwide scale without ties to any specific nation or region