COMMERCE 2MA3 Chapter Notes - Chapter 17: Real Income, Masculinity, Cultural Imperialism
8 Dec 2016
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Document Summary
Globalization: refers to the increased flow of goods, services, people, technology, capital, information and ideas around the world. Because different countries, at their various stages of globalization, offer marketers a variety of opportunities, firms must assess the viability of a variety of the information markets. Trade sanctions: penalties or restrictions imposed by one country over another country for importing and exporting of goods, services, and investments. Tariffs tax 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. Quotas: designates the maximum quantity of a product that may be brought into a country during a specified time period. Boycott: a group"s refusal to deal commercially with some organization to protest against its policies. Exchange control: refers to the regulation of a country"s currency exchange rate, exchange rate.
