The Organisation

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Mission Statement
A formal summary of the aims and values of a company, organisation or individual
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Stakeholder
a person with an interest or concern in a business. Anyone inside or outside the company
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Shareholder
a owner of shares in a company (does not own the company)
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Objective
a target the business wants to achieve over time
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Multinational Company
corporation that has its facilities in at least one other country other than its home country
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Host country
Nation which organisations from other countries are visiting due to government invitation
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Home country
the country which a company headquarters is based
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Globalisation
the process by which businesses develop international influence or start operation on an international scale
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Fair Trade Agreement
agreement between a manufacturer and a retailer to sell a branded product at no less than a specific price
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Protectionism
government policy aimed at shielding a fragile economy from cheap or better imports
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Import Quota
restricting the quantity of imports- a type of protectionism
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Exchange Rates
the value of one currency for the purpose of conversion to another
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Currency Appreciation/ Depreciation
an increase/ decrease in the value of one currency
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Tariff
financial tax products of products imported overseas
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Other cards in this set

Card 2

Front

a person with an interest or concern in a business. Anyone inside or outside the company

Back

Stakeholder

Card 3

Front

a owner of shares in a company (does not own the company)

Back

Preview of the back of card 3

Card 4

Front

a target the business wants to achieve over time

Back

Preview of the back of card 4

Card 5

Front

corporation that has its facilities in at least one other country other than its home country

Back

Preview of the back of card 5
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