Study

Entrepreneurship: Chapter 4 & 5

  •   0%
  •  0     0     0

  • franchisee
    the buyer
  • Trade missions lets small business owners meet and talk with domestic agents, distributors, or potential business partners. True or False
    False
  • buying or bringing in goods from other countries to sell
    importing
  • interconnected economies of the nations of the world
    global economy
  • is the total value of all goods produced during the year
    gross domestic product (GDP)
  • the franchisor
    the seller
  • are the beliefs and principles you choose to live by
    values
  • are personal characteristics that describes a population
    demographics
  • a legal agreement to begin a new business in the name of a recognized company
    franchise
  • are taxes imposed by a government on imported or exported goods
    tariff
  • The "best prospect" list is product that other countries are looking to purchase. True or False.
    True
  • EU
    The European Union
  • NAFTA
    North American Free Trade Agreement
  • is money people have to spend after paying for necessary expenses
    disposable income
  • is a restriction on goods entering or leaving a country
    trade barrier
  • is someone whose jobs is to bring buyers and sellers together
    business broker
  • the selling and shipping of goods to another country
    exporting
  • translate other peoples languages into English
    interpreter
  • Europe is a difficult market to define because there is no common culture. True or False
    True
  • What are 4 current entrepreneurial trends
    nonprofit, socially responsible, green, home-base, service, internet, strategic alliances
  • IBEX
    International Business Exchange