International Marketing Ch. 4 Key Terms

airbud123's version from 2017-02-23 02:34

Section 1

Question Answer
Group of FiveUS, UK, France, Germany, & Japan
Group of SevenUS, UK, France, Germany, Japan, Canada, & Italy
Group of TenAll others (add Sweden, Netheralnds, and Belgium)
OPECOrganization of Petroleum Exporting Countries
householdall the persons, both related and unrelated, who occupy a housing unit

Section 2

Question Answer
UrbanizationDifferent meaning in different countries (USA 2500+, Sweden 200+)
Purchasing Power Paritiesapproximates the total adjustment that must be made on the currency exchange rate between countries that allows the exchange to be equal to the purchasing power of each country’s currency
inflationrate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling Read more: Inflation Definition | Investopedia Follow us: Investopedia on Facebook
Physical Quality of Life Index (PQLI)composite measure of the level of welfare in a country
maquiladorasplants that make goods and parts or process food for export back to USA

Section 3

Question Answer
micorfinanceallows customers with no propertyas collateral, to borrow sums of money averaging $100 to make purchases and have banking available
economic unionintergration of economic policies in addition to free movement
common marketcovers exchange of goods and services and factors (labor, capital, tech) are shared