COMMERCE 2MA3 Chapter 17: Chapter Seventeen — Global Marketing
10 Feb 2017
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Document Summary
Globalization: refers to the increased ow of goods, services, people, technology, capital, information, and ideas around the world; has economic, political, social, cultural, and environmental impacts. Trade sanctions: penalties or restrictions imposed by one country over another country for importing and exporting of goods, services, and investments. Tariff (or duty): a tac levied on a good imported into a country. Dumping: the practice of selling a good in a foreign market at a price that is lower than its domestic price or below its cost. Quota: designates the maximum quantity of a product that may be brought into a country during a speci ed time period. Boycott: a group"s refusal to deal commercially with some organization to protest against it policies. Exchange control: refers to the regulations of a country"s currency exchange rate. Exchange rate: the measure of how much one currency is worth in relation to another.
