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A financial exchange of goods or services between businesses or individuals is called __________.
Transactions
A company that operates only within its home country is known as __________.
Domestic Business
Commercial activity that occurs across national borders, including imports and exports, is referred to as __________.
International Business
The buying, selling, and exchange of goods and services between countries is called __________.
Trade
The increase in a product’s worth after processing or manufacturing is known as __________.
Value-Added
A tax imposed on imported goods to protect domestic industries is referred to as __________.
Duty or Tariff
The increasing integration of economies, businesses, and cultures worldwide through trade is termed __________.
Globalization
Sectors that manufacture goods using raw materials are called __________.
Secondary Industries
A legal contract that allows one company to use another company’s brand for a fee is known as a __________.
Licensing Agreement
A business partnership between two or more companies to share resources in a foreign market is called __________.
Joint Venture
A government-imposed ban on trade with a specific country is known as a __________.
Trade Embargo
The value of one country’s currency in relation to another is called __________.
Exchange Rate
An increase in the value of a country’s currency compared to others is termed __________.
Currency Revaluation
The measure comparing a country’s export prices to its import prices is called __________.
Terms of Trade
Emerging markets for Canadian investment include countries like __________, __________, __________, and __________.
India, China, Brazil, Vietnam
High tariffs can lead to __________ between countries.
trade wars
