unit 3 vocab: E-commerce and globilization
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22 terms
Terms | Definitions |
|---|---|
 e-workforce | people who work with computers while doing business |
| e-commerce | Business conducted electronically (buying/selling on web) |
| digital workflow | links all the steps in a process didgitally |
| Startup | a newly formed business that is usually small... |
| E-tail | electronic retail... |
| multi channel retailer | uses several methods to sell products... |
| brick and mortar | referring to actual buildings... |
| clicks and mortar | businesses that operate using the internet... |
| e-ticket | electronic ticket... |
| global economy | interconnected economies of the nations of the world |
| international trade | involves the exchange of goods and services between nations |
| multinational corporation | a company that does business in many countries and has facilities and offices around the world |
| trade | a specific area of business/a skilled occupation/ people who work in a specific area of business |
| imports | goods and services that one country buys from another country |
| exports | goods and services that one country sells to another country |
| exchange rate | the charge for exchanging currency of one country for currency of another |
| balance of trade | the difference in value between a country's imports and exports over a period of time |
| protectionism | the practice of the government putting limits on foreign trade to protect businesses at home |
| tariff | tax placed on imports to increase their price in the domestic market |
| quota | a limit placed on the quantities of a product that can be imported |
| embargo | is a ban on the import or export of a product |
| free trade | few or no limtis on trade between countries |
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