International trade

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  • Created by: Hannahg08
  • Created on: 19-03-15 10:44

International Trade

Trade Barriers - Obstacles put up by countries to stop impoorts entering their domestic market.

Free Trade - When trade between countries is not restricted by barriers.

Business Ethics - The moral principles that should under pin decision making.

Outsorcing - Where companies give responsibility for some of their activities.

Globalisation - The process of enabling markets to operate internationally. 

Multinationals - An organistation with production facilities or significant operations in more then one country.

WTO - World Trade Organisation - International organisation that promotes free trade between nations, by creating agreements. 

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