Define These Multinational Corporation Business Terms Flashcards

The buying and selling of goods and services by people from different countries

A corporation that owns businesses in two or more countries.

A method of investment in which a company builds a new business or buys an existing business in a foreign country.

Government imposed regulations that increase the cost and restrict the number of imported goods.

A governments use of trade barriers to shield domestic companies and their workers from foreign competition.

A direct tax on imported goods

Nontax methods of increasing the cost or reducing the volume of imported goods.

A limit on the number or volume of imported products.

-voluntarily imposed limits on the number or volume of products exported to a particular country.

A standard supposedly established to protect the health and safety of citizens but in reality often used to restrict imports.

Government loans, grants, and tax deferments given to domestic companies to protect them from foreign competition.

A classification assigned to imported products by government officials that affects the size of the tariff and the imposition of import quotas.

A worldwide trade agreement that reduced and eliminated tariffs, limited government subsidies, and established protections for intellectual property.

The successor to GATT; the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible.

Areas in which tariff and nontariff barriers on trade between countries are reduced or eliminated.