Culture –
the accepted behaviors, customs, and values that a culture or a mechanism of learned, shared, unifying, and also interrelated beliefs, values, and also assumptions.

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Domestic company –making, buying, and selling goods and also services in ~ a country.
Exports –products sold to other countries.
Global dependency -a condition that exists as soon as items consumers need and also want are created in various other countries.
Imports -products bought from businesses in various other countries.
Trade barriers -restrictions that reduce free trade among countries.
International business -all business tasks needed come create, ship, and also sell goods and services across national borders.
Quota -limit the amount of trade.
Tariff -tax ~ above imports.
Embargo -refuse trade with an additional country normally for politics reasons.
Why is international service important?A: International company opens new markets, creates more jobs, and improves politics relationships.
12. Q: What is global dependency?A: worldwide dependency way that countries approximately the world depend top top each other to profession goods and services.
13. Q: exactly how is specialization associated to an international business?A: international business allows countries to specialization their manufacturing according come their natural resources and also expertise.
14. Q: Why do governments sometimes produce trade barriers to discourage imports?A: Trade obstacles are provided as political strategies. Trade obstacles are do the efforts to protect American production and jobs.
15. Q: What space the 4 parts of the international service environment?A: Geography, social and social factors, financial conditions, and also political and also legal components are the four parts the the international service environment.
16. Q: What is the difference in between an import and an export?A: Imports are assets bought indigenous businesses in other countries and also exports are products sold in various other countries.
17. Q: Why should people study the society of one more country prior to conducting international business.

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A: organization transactions are generally influence through the country’s culture.