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Int. Business
Question | Answer |
---|---|
Culture | customs, beliefs, and social aspects of a group of people |
Exports | products & services produced in 1 country and sold to another |
Imports | " brought in from another country to be sold |
Marketing Expansion | increase market share, within a given market |
Product Life Cycle | changes in type of competition, introduction, growth, maturity, and decline |
Quota | limit on the amount of a product can be imported into another country |
Tariff | tax on imports |
Trade Barriers | keeping foreign businesses from competing with domestic producers |