Chapter 3 Business in the global economy Crossword
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
 
 
Down: 1) a written contract granting permission to operate a business to sell products and services in a set way. 2) the making, buying, and selling of goods and services within a country. 5) a strategy that treats each country market differently. Firms develop products and marketing strategies that adapt to the customs, tastes, and buying habits of a distinct national market. 6) a situation where a country can produce a good or service at a lower cost than other countries. 7) an organization that does business in several countries. It usually consists of a home country and divisions or separate companies in one or more host countries. 8) a unique business organized by two or more other businesses to operate for a limited time and for a specific project. It is a type of partnership. 10) an action imposed by the government to stop the export or import of a product completely. 11) selling the right to use some intangible property (production process, trademark, or brand name) for a fee or royalty. 13) the amount a country owes to other countries. 14) the cost of using someone else's money. 15) a situation in which a country imports (buys) more than it exports (sells). 16) goods and services sold to other countries. 17) the accepted behaviors, customs, and values of a society. 18) a selected area where products can be imported duty-free and then stored, assembled, and/or used in manufacturing. 24) a government-set limit on the quantity of a product that may be imported or exported within a given period. 25) goods and services bought from other countries. Across: 1) an agreement between member countries to remove duties and trade barriers on products traded among them. 3) the result of a country sending more money out than it brings in. 4) a strategy that uses the same product and marketing strategy worldwide. 9) the value of a currency in one country compared with the value in another. 12) business activities needed for creating, shipping, and selling goods and services across national borders. 17) a situation in which a country specializes in the production of a good or service at which it is relatively more efficient. 19) the difference between a country's total exports and total imports. 20) a tax that a government places on certain imported products. 21) a factor that supports international trade in industrialized countries, including a nation's transportation, communication, and utility systems. 22) restrictions to free trade. 23) the difference between the amount of money that comes into a country and the amount that goes out of a country. 26) a situation in which a country exports (sells) more than it imports (buys). 27) a market in which members do away with duties and other trade barriers. 28) occurs when a nation receives more money in a year than it pays out. 29) banks that buy and sell different currencies. 30) the country in which the multinational company (MNC) places business activities.
 

 

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