Foreign exchange. Facilities' business across national boundaries, usually expressed in foreign currency bought or sold on the foreign exchange market.
Forward rates. A mechanism whereby the risk of changes in exchange rates can be covered by obtaining a new rate quote for a future exchange of currencies.
Future. A legally binding contract to deliver/take delivery on a specified date of a given quality and quantity of a commodity at an agreed price.
General Agreement on Tariffs and Trade (GATT). An institutional framework producing a set of rules and principles with the intention of liberalising trade between member countries.
Geocentrism. A world orientation with world market strategies.
Global environment. All semi or uncontrollable factors which a marketer has to account for in carrying out global operations.