Understanding Business/Competing in a Global Market

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Chapter Three[edit | edit source]

Competing In Global Markets[edit | edit source]

Vocabulary Words[edit | edit source]

  • Importing * Exporting
  • Free Trade
  • Comparative Advantage Theory
  • Absolute Advantage
  • Balance of Trades
  • Trade Deficit
  • Balance of Payments
  • Dumping
  • Debtor Nation
  • Foreign Direct Investment
  • Export Assistance Centers (EACs)
  • Licencing
  • Foreign Subsidiary
  • Contract Manufacturing
  • Joint Venture
  • Ethnocentric


Dynamic Global Market[edit | edit source]

Trading With Other Nations[edit | edit source]

Global Trade[edit | edit source]