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Intro to Business > Chapter 4: Understanding the Global Context of Business > Flashcards

Chapter 4: Understanding the Global Context of Business Flashcards

1
Q

Globalization

A

Process by which the world economy is becoming a single interdependent system.

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2
Q

Export

A

Product made of grown domestically but shipped and sold abroad.

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3
Q

Import

A

Product made or grown abroad but sold domestically.

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Intro to Business (4 decks)

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