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Understanding Economic Development Agencies in International Business

Learn about the role of Economic Development Agencies, entities aiming to attract investments for specific locations. Explore how they support business growth and development in different regions worldwide.

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Understanding Economic Development Agencies in International Business

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  1. Working in International Business

    Lesson 13 Key Vocabulary
  2. Economic Development Agency An organization that functions to attract investment to a certain location and is usually not for profit. Also called an investment promotion agency.
  3. IFRS(International Financial Reporting Standards) A standardized set of rules and practices in business accounting used in many countries as an alternative to US GAAP.
  4. Job Description A list of the responsibilities, skills, knowledge, and working conditions of a job.
  5. Multinational Corporation A firm that produces or manages the sale of goods or services in more than one country.
  6. US GAAP (generally accepted accounting principles) A set of standards, rules, and practices in business accounting used in the United States.
  7. Visa A travel document required to enter and/or stay in another country.
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