Source: Image of Cartoon Lightning, Public Domain, http://bit.ly/1kAz4xp, Image of Target, Public Domain, http://bit.ly/1kxHivg, Blackboard, Public Domain, http://bit.ly/1kN9fzi, Imports Exports, Creative Commons, http://bit.ly/1lHBqRv
The capacity to produce a higher number of goods or services using the same production resources as competitors.
A trading advantage achieved over another company due to lower opportunity cost.
Goods produced domestically and sold to a foreign nation.
The expansion of business into international markets.
Goods domestically sold that were produced in a foreign nation.
Business conducted between two or more nations.