Posted: November 30th, 2015

Understanding the specific terminology used in the import/export process is necessary prior to your company's first international venture.

Paper shall be written in an executive summary format.

Utilize the globaledge (globaledge.msu.edu) site to complete the following:

Understanding the specific terminology used in the import/export process is necessary prior to your company’s first international venture. utilize the globalEDGE Glossary of International Business Terms to identify the definitions of the following terms related to exporting and importing: ad valorem tariff, consignment, embargo, global quota, invisible barriers to trade, letter of credit, mercantilism, and section 201.