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international business terms
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single proprietorship:a business owned by one person
partnership:business that is owned by two or more people, but is not incorporated
corporation:is a business that operates as a legal entity separate from any of the owners
cooperative:is a business owned by its members and operated for their benefit
indirect exporting:occurs when a company sells its product in a foreign market
direct exporting:occurs when a company activity seeks and conducts exporting
licensing:selling the right to be use some intangible property
franchising:is the right to use accompany name or business process in a specific way
joint venture:an agreement between two or more companies
product demand:customers who want a unique item or a certain quality may desire
lower cost:the prices of goods and services are constantly changing
production inputs:raw materials and component parts used for processing or assembly are regular purchased from companies and other countries
economic community:an organization of countries that bond together to allow a free flow of products
free trade zone:is an area designated by a government for duty free entry of no prohibited goods
money:three main purpose as a medium of exchange as a measure of value, and as a store value
foreign exchange:converting the currency of one country into the currency of one country into the currency of one country
soft currency:currency that is not easy to exchange for other currencies
hard currency:a monetary unit that is freely convertible into other currencies
civil law:complete set of rules that are enacted as a single, written system or code
common law:is the accumulation of decision made in prior cases
statutes:are those that have enacted by a body of lawmakers
liability:is a broad legal term referring to almost every kind of responsibility, duty, or obligation
intellectual property:consists of the technical knowledge or creative work that it has developed
entrepreneur:a risk taker who operates a business
small business:an independently owned and operated business with fewer than 100 employees
marketing:involves activities necessary to get goods of the business plan
variable costs:are business expenses that change as the level of production changes
balance sheet:the document that reports a company's assets, liabilities, and owner's equity
managers:are people in charge of organization and their resources
autocratic managers:centralize power and tell employees what to do
participative managers:decentralize power and share it with employees
control:the number of employees that a manager supervises
front line manager:are needed to oversee the day-to-day operations in specific departments
chief executive officer:the highest manager within a company
locals:are natives of the country in which they work
parent country nationals:expatriates from the country where for whom they work in headquartered
employment forecasting:estimating in advance the types and numbers of employees needed
third country national:expatriates from other country's
ethnocentric approach:natives of the home country of a business to fill key positions abroad
geocentric approach:uses the best available managers for a business
international business terms
Across:1. | centralize power and tell employees what to do | 4. | consists of the technical knowledge or creative work that it has developed | 6. | an agreement between two or more companies | 7. | the highest manager within a company | 10. | involves activities necessary to get goods of the business plan | 11. | three main purpose as a medium of exchange as a measure of value, and as a store value | 13. | occurs when a company activity seeks and conducts exporting | 14. | is a business that operates as a legal entity separate from any of the owners | 15. | are people in charge of organization and their resources | 16. | the number of employees that a manager supervises | 18. | currency that is not easy to exchange for other currencies | 19. | business that is owned by two or more people, but is not incorporated | 22. | estimating in advance the types and numbers of employees needed | 23. | a business owned by one person | 24. | the document that reports a company's assets, liabilities, and owner's equity |
| | Down:2. | a risk taker who operates a business | 3. | is an area designated by a government for duty free entry of no prohibited goods | 5. | are needed to oversee the day-to-day operations in specific departments | 7. | is the accumulation of decision made in prior cases | 8. | converting the currency of one country into the currency of one country into the currency of one country | 9. | are natives of the country in which they work | 12. | are those that have enacted by a body of lawmakers | 17. | the prices of goods and services are constantly changing | 20. | is a broad legal term referring to almost every kind of responsibility, duty, or obligation | 21. | complete set of rules that are enacted as a single, written system or code |
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© 2013
PuzzleFast.com, Noncommercial Use Only
international business terms
Across:1. | centralize power and tell employees what to do | 4. | consists of the technical knowledge or creative work that it has developed | 6. | an agreement between two or more companies | 7. | the highest manager within a company | 10. | involves activities necessary to get goods of the business plan | 11. | three main purpose as a medium of exchange as a measure of value, and as a store value | 13. | occurs when a company activity seeks and conducts exporting | 14. | is a business that operates as a legal entity separate from any of the owners | 15. | are people in charge of organization and their resources | 16. | the number of employees that a manager supervises | 18. | currency that is not easy to exchange for other currencies | 19. | business that is owned by two or more people, but is not incorporated | 22. | estimating in advance the types and numbers of employees needed | 23. | a business owned by one person | 24. | the document that reports a company's assets, liabilities, and owner's equity |
| | Down:2. | a risk taker who operates a business | 3. | is an area designated by a government for duty free entry of no prohibited goods | 5. | are needed to oversee the day-to-day operations in specific departments | 7. | is the accumulation of decision made in prior cases | 8. | converting the currency of one country into the currency of one country into the currency of one country | 9. | are natives of the country in which they work | 12. | are those that have enacted by a body of lawmakers | 17. | the prices of goods and services are constantly changing | 20. | is a broad legal term referring to almost every kind of responsibility, duty, or obligation | 21. | complete set of rules that are enacted as a single, written system or code |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only