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INBU 3300 - CH 1
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Gravity
Terms in this set (16)
Globalization
the widening set of interdependent relationships among people from different parts of a world that happens to be divided into nations
international business
defined as all commercial transactions, including sales, investments, and transportation, that take place between two or more countries
born-global companies
start out with a global focus because of their founders' international experience and because advances in comm give them a good idea of where global markets and supplies are
clustering/agglomeration
when companies locate in areas with numerous competitors
merchandise exports
tangible products, goods that are sent OUT of a country
merchandise imports
goods brought INTO a country
turnkey operations
construction projects performed under contract and transferred to owners when they're operational
management contracts
arrangements in which one company provides personnel to perform general or specialized management functions for another
licensing agreements
when one company allows another to use its assets such as trademarks, patents, copyrights, or expertise
Royalties
come from franchise/licensing contracts
Franchising
a mode of business in which one party allows another to use a trademark as an essential asset of the franchisee's business
FDI
the investor takes a controlling interest in a foreign company
Joint Venture
when two or more companies share ownership of FDI
Portfolio Investment
a noncontrolling financial interest in another entity
strategic alliance
refers either to an agreement that is of critical importance to one or partners or to an agreement that does not involve joint owernship
Multinational Enterprise/Multinational Corporation/Transnational Company
refers to any company with FDI's
;