Study sets matching "international business"

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Study sets matching "international business"

190 terms
International Business
Globalization
International Business
Two Types of International Business an…
In what ways does international busine…
Broadening set of interdependent relationships among people f…
All commercial transactions between two or more countries. On…
Public = has shareholders... Private = does not have shareholders
Physical... Societal... Competitive... (ex) banks- amount of public co…
Globalization
Broadening set of interdependent relationships among people f…
International Business
All commercial transactions between two or more countries. On…
18 terms
International Business
International Business
Import
Export
The Balance of Trade
Comprises all commercial transactions that take place between…
An item coming inside a country from any other country.
An item going out of the country to any other country of the…
The difference between a country's import and export totals.
International Business
Comprises all commercial transactions that take place between…
Import
An item coming inside a country from any other country.
10 terms
International Business
Import
Export
Protectionism
Tariffs
Any resource, intermediate good, or final good or service tha…
Any resource, intermediate good, or final good or service tha…
Protection of local industries through tariffs, quotas, and r…
Taxes on imported goods and services, levied by governments t…
Import
Any resource, intermediate good, or final good or service tha…
Export
Any resource, intermediate good, or final good or service tha…
72 terms
international business
Firms that have substantial operations…
An international business is ..
A multidomestic company is ..
The major globalization drivers includ…
global companies and multidomestic firms
a business whose activities involve crossing national borders
an organization with multicountry affiliations, each of which…
market, cost, technology, government, and competition
Firms that have substantial operations…
global companies and multidomestic firms
An international business is ..
a business whose activities involve crossing national borders
82 terms
International Business
Globalization
Lower barriers means firms can:
Technological change means firms can:
Globalization of Markets
(1) Trend away from distinct national economic units and towa…
(1) -View the world, rather than a single country as their ma…
(1) -lower transportation costs... -lower information processing…
(1) Moving away from an economic system in which national mar…
Globalization
(1) Trend away from distinct national economic units and towa…
Lower barriers means firms can:
(1) -View the world, rather than a single country as their ma…
International Business
Globalization
Outsourcing
What causes economic integration?
Smoot-Hawley Tariff Act
Describes the changes in societies and the world economy that…
The delegation of non-core operations or jobs from internal p…
Arises from fewer trade barriers, allowing for increased move…
Sets tariff rates
Globalization
Describes the changes in societies and the world economy that…
Outsourcing
The delegation of non-core operations or jobs from internal p…
79 terms
International Business
Cross-Cultural Literacy
Culture
Values
Norms
(3) Understanding how the culture of a country affects the wa…
(3) The complex whole that includes knowledge, belief, art, m…
(3) Abstract ideas about what a society (group) believes to b…
(3) Social rules and guidelines that prescribe appropriate be…
Cross-Cultural Literacy
(3) Understanding how the culture of a country affects the wa…
Culture
(3) The complex whole that includes knowledge, belief, art, m…
61 terms
International Business
Globalization
Percentage share of the total FDI stoc…
A more integrated and interdependent world economy
Tastes and preferences of different nations beginning to conv…
Globalization
A more integrated and interdependent world economy
Percentage share of the total FDI stoc…
Tastes and preferences of different nations beginning to conv…
22 terms
International Business
CPI stands for
When a US company merges with a foreig…
When one partner makes products cheape…
The central bank of the United States
Consumer Price Index
Inversion
Comparative Advantage
Federal Reserve
CPI stands for
Consumer Price Index
When a US company merges with a foreig…
Inversion
18 terms
International Business
Multinational Company
Absolute Advantage
Comparative Advantage
International Business
A business that operates in two or more countries.
When a country can produce a good or service at a lower cost…
A situation where a country specializes in production of a go…
Activities needed for creating, shipping, and selling goods/s…
Multinational Company
A business that operates in two or more countries.
Absolute Advantage
When a country can produce a good or service at a lower cost…
35 terms
International business chapter 1
international business
global business
multinational enterprise (MNE)
foreign direct investment (FDI)
business (firm) that engages in international (cross-border)…
business around the globe including both international (cross…
firm that engages in foreign direct investments
investments in, controlling, and managing value-added activit…
international business
business (firm) that engages in international (cross-border)…
global business
business around the globe including both international (cross…
28 terms
International Business
domestic business
international business
absolute advantage
comparative advantage
the making, buying, and selling of goods and services within…
business activities needed for creating, shipping, and sellin…
exists when a country can produce a good or service at a lowe…
situation in which a country specializes in the production of…
domestic business
the making, buying, and selling of goods and services within…
international business
business activities needed for creating, shipping, and sellin…
77 terms
International Business
Specific Tariff
Advalorem Tariff
Subsidy
Import Quotas
fixed charge import tax
variable charge import tax, ex 2%
Government payment to domestic producers
Directly restrict the quantity of some good that is imported
Specific Tariff
fixed charge import tax
Advalorem Tariff
variable charge import tax, ex 2%
International Business
Domestic Transaction
International Transaction
5 P's of International Business
Canada's #1 Trade Partners
Both the production and the sale of the item take place in th…
The production of the good takes place in a different country…
Product, Price, Proximity, Preference, Promotion
United States
Domestic Transaction
Both the production and the sale of the item take place in th…
International Transaction
The production of the good takes place in a different country…
29 terms
International Business
protectionism
tariff
quota
embargo
The practice of the government putting limits on foreign trad…
A tax placed on imports to increase their price in... the domest…
A limit placed on the quantities of a product that... can be imp…
A ban on the import or export of a product
protectionism
The practice of the government putting limits on foreign trad…
tariff
A tax placed on imports to increase their price in... the domest…
25 terms
International Business
Import
Export
Absolute advantage
Opportunity cost
A good or service bought from another country.
A good or service sold to another country
The ability to produce a good or service using fewer resource…
The next-best alternative that must be given up to obtain som…
Import
A good or service bought from another country.
Export
A good or service sold to another country
43 terms
International Business Midterm II
What are the two major consequences of…
What does the Hofstede's Power Distanc…
What does "high" and "low" context mea…
Approximately what % of daily foreign…
There are a couple major consequences some could be change in…
Hofstede's Power Distance dimension seeks to explain the degr…
High-context cultures (including much of the Middle East, Asi…
85%
What are the two major consequences of…
There are a couple major consequences some could be change in…
What does the Hofstede's Power Distanc…
Hofstede's Power Distance dimension seeks to explain the degr…
10 terms
International Business
Balance of Payments
Balance of Trade
Exchange Rate
Embargo
The difference between a country's total payments to other co…
The difference between a country's total exports and total im…
The value of money of one country expressed in terms of the m…
Stopping the importing or exporting of a certain product or s…
Balance of Payments
The difference between a country's total payments to other co…
Balance of Trade
The difference between a country's total exports and total im…
69 terms
International Business Vocabulary
What makes a company international?
International Business
Globalization
Pros of Expansion
1. owning a retail outlet in another country... 2. Owning a manu…
conducts transactions across national borders
development of an increasingly integrated global economy (fre…
company growth, new markets and consuemrs, increased profits,…
What makes a company international?
1. owning a retail outlet in another country... 2. Owning a manu…
International Business
conducts transactions across national borders
32 terms
International Business - Chapter 7
Foreign direct investment is
Portfolio investment, which is
Most governments set the FDI threshold…
One main driver behind global flows of…
the purchase of physical assets or a significant amount of th…
an investment that does not involve obtaining a degree of con…
somewhere between 10 and 25 percent of stock ownership in a c…
increasing globalization
Foreign direct investment is
the purchase of physical assets or a significant amount of th…
Portfolio investment, which is
an investment that does not involve obtaining a degree of con…
15 terms
International Business
Communism
Economy
Market Capitalism
Economic Interdependance
System of social organization in which all property is owned…
The state of a country or region in terms of the production a…
The production of goods and services is based on supply and d…
Economic interdependence is a consequence of specialization o…
Communism
System of social organization in which all property is owned…
Economy
The state of a country or region in terms of the production a…
International Business
foreign exchange rate
appreciation
depreciation
balance of payments
price of one currency in terms of another
increase in the value of currency; encourages importing
decrease in the value of a currency; encourages exporting
country's international transaction statement, +balance=count…
foreign exchange rate
price of one currency in terms of another
appreciation
increase in the value of currency; encourages importing
64 terms
International Business
4C's of IB Risk
Cross-Cultural Risk
Country Risk
Currency Risk
Cross-Cultural Risk, Country Risk, Currency Risk, Commercial…
it occurs when a cultural misunderstanding puts some human va…
refers to the potential adverse effects on company operations…
Risk of adverse fluctuations in change rates.
4C's of IB Risk
Cross-Cultural Risk, Country Risk, Currency Risk, Commercial…
Cross-Cultural Risk
it occurs when a cultural misunderstanding puts some human va…
22 terms
International Business
CPI stands for
When a US company merges with a foreig…
When one partner makes products cheape…
The central bank of the United States
Consumer Price Index
Inversion
Comparative Advantage
Federal Reserve
CPI stands for
Consumer Price Index
When a US company merges with a foreig…
Inversion
12 terms
International Business
Social Stratification Systems
Low Context Culture (how we obtain inf…
High Context Culture (how we obtain in…
Cultural Orientation :(diff attitudes…
Individuals Status with the culture... Ascribed Group Membership…
Immediately to the point (ex) I want to buy a pair of shoes.…
Not as immediate to the point (ex) I call to get a price on n…
Belief that ones own culture is superior (ignores important l…
Social Stratification Systems
Individuals Status with the culture... Ascribed Group Membership…
Low Context Culture (how we obtain inf…
Immediately to the point (ex) I want to buy a pair of shoes.…
21 terms
International business
International trade
Exporting
Importing
Mercantilism
Purchase, sale, or exchange of goods and services across nati…
Sending goods to another country for sale or trade.
Bringing in goods from another country for sale or trade.
Trade theory holding that nations should accumulate financial…
International trade
Purchase, sale, or exchange of goods and services across nati…
Exporting
Sending goods to another country for sale or trade.
12 terms
international business
International Business
Foreign Business
Multidomestic Company (MDC) -
Global Company (GC)
a business whose activities are carried out across national... b…
the operations of a company outside the home or domestic... market
an organization with multicountry affiliates, each of which f…
an organization that attempts to standardize and integrate op…
International Business
a business whose activities are carried out across national... b…
Foreign Business
the operations of a company outside the home or domestic... market
120 terms
International Business
CH1
international business 4
imports 4
exports 4
...
commercial transactions that crosses the borders of two or mo…
good and services purchased abroad and brought into a country
goods and services sold abroad and sent out of country
CH1
...
international business 4
commercial transactions that crosses the borders of two or mo…
5 terms
International Business
Hofestede
power distance
individualism vs. collectivism
uncertainty avoidance
came up with theyors about workplace culture
society's ability to deal with inequalities
individual vs. fellow within a culture
accepting of ambiguous situations and tolerating uncertainty…
Hofestede
came up with theyors about workplace culture
power distance
society's ability to deal with inequalities
International Business
Joint Venture
Advantages of Joint Venture
Problems with Joint venture
Factors of Analysis of Market Attracti…
2 or more partners from different countries
spread costs and risks, every partner brings in their resourc…
risk to loose know how, problems with quality, conflict of in…
specific expertise, for which generation is the product, reli…
Joint Venture
2 or more partners from different countries
Advantages of Joint Venture
spread costs and risks, every partner brings in their resourc…
12 terms
Introduction to International Business
The making, buying and selling of good…
business activities needed for creatin…
A country can produce a good or servic…
is a situation in which a country spec…
Domestic Business
International Business
Absolute Advantage
Comparative Advantage
The making, buying and selling of good…
Domestic Business
business activities needed for creatin…
International Business
139 terms
International Business
domestic business
international business
global dependency
imports
Making, buying, and selling goods and services within a country
Includes all business activities needed to create, ship, and…
Exists when items that consumers need and want are created in…
Products bought from businesses in other countries
domestic business
Making, buying, and selling goods and services within a country
international business
Includes all business activities needed to create, ship, and…
72 terms
international business
Firms that have substantial operations…
An international business is ..
A multidomestic company is ..
The major globalization drivers includ…
global companies and multidomestic firms
a business whose activities involve crossing national borders
an organization with multicountry affiliations, each of which…
market, cost, technology, government, and competition
Firms that have substantial operations…
global companies and multidomestic firms
An international business is ..
a business whose activities involve crossing national borders
81 terms
INTERNATIONAL BUSINESS
Globalization
Globalization 2
... Globalization of Markets
... Globalization of Production
refers to the merging of historically distinct and separate n…
It refers to the shift toward a more integrated and interdepe…
- refers to the merging of historically distinct and separate…
refers to the sourcing of goods and services from locations a…
Globalization
refers to the merging of historically distinct and separate n…
Globalization 2
It refers to the shift toward a more integrated and interdepe…
86 terms
International Business
Domestic Business
International business
Global dependency
Imports
Making, buying, and selling goods within a country
All business activities needed to create, ship, and sell good…
Exists when items that consumers need/want are created in oth…
Products bought from businesses in other countries
Domestic Business
Making, buying, and selling goods within a country
International business
All business activities needed to create, ship, and sell good…
International business
International business
globalization
differences between international busi…
eras of globalization
business transactions between parties from more than one coun…
shift towards a more integrated and interdependent world econ…
currencies... legal systems... cultures... resources
1870-1914: Pre WWI (colonization, british pound, transportati…
International business
business transactions between parties from more than one coun…
globalization
shift towards a more integrated and interdependent world econ…
27 terms
International Business
Multinational enterprises can themselv…
In Islamic banking, interest can be ch…
An emphasis on individualism results i…
Pictures, music, and ideas are conside…
True
False
False
True
Multinational enterprises can themselv…
True
In Islamic banking, interest can be ch…
False
33 terms
International Business
Political System
Collectivism
Which Greek philosopher can collectivi…
Socialism
System of government in a nation. Collectivism opposed to ind…
A political system that stresses the primacy of collective go…
Plato. He argued that individual rights should be sacrificed…
Karl Marx argued that a few benefit at the expense of many in…
Political System
System of government in a nation. Collectivism opposed to ind…
Collectivism
A political system that stresses the primacy of collective go…
12 terms
INTERNATIONAL BUSINESS
Culture
Subculture
Cultural Baggage
Nuclear family
A system of learned, shared, unifying, and interrelated belie…
subset of a larger culture. A subculture may have some values…
idea that you carry your beliefs, values, and assumptions wit…
A group that consists of a parent or parents and unmarried ch…
Culture
A system of learned, shared, unifying, and interrelated belie…
Subculture
subset of a larger culture. A subculture may have some values…
60 terms
international business
Multinational corporation
Small business and entreprenures
Born Global Firm
Globalization
business that has direct investments abroad in multiple count…
Small companies and individuals becoming increasingly active…
Adopts a global perspective and engages in international busi…
trend too greater economic, cultural, political and tech inte…
Multinational corporation
business that has direct investments abroad in multiple count…
Small business and entreprenures
Small companies and individuals becoming increasingly active…
161 terms
International Business
International Business
Imports
Exports
Key Players in International Business
commercial transaction that crosses the borders of two or mor…
goods and services purchased abroad and brought into a country
goods and services sold abroad and sent out of a country
Large companies from the wealthiest nations ... Firms from emerg…
International Business
commercial transaction that crosses the borders of two or mor…
Imports
goods and services purchased abroad and brought into a country
51 terms
International Business
International Business
What does global marketing require
Absolute Advantage
Comparative Advantage
The buying, selling, and trading of goods and services across…
balancing global brands with the needs of local consumers
a monopoly that exists when a country is the only source of a…
The basis of most international trade, when a country special…
International Business
The buying, selling, and trading of goods and services across…
What does global marketing require
balancing global brands with the needs of local consumers
28 terms
International Business
Trade
Investment
Absolute Advantage/Division of labor
Comparative advantage
merchandise and services
facilities and assets
Adam Smith. specialization increases output
David Ricardo. countries specialize in producing what they ca…
Trade
merchandise and services
Investment
facilities and assets
32 terms
INTERNATIONAL BUSINESS
domestic trade
world trade
world trade organization
exports
trade within the same region or country
trade between different regions or countries
international organization overseeing world trade; ensures wo…
goods produced in one country, then shipped into a country or…
domestic trade
trade within the same region or country
world trade
trade between different regions or countries
9 terms
International Business
What is international business?
Multinational Enterprise
What is International Management?
International Trade
- is concerned with the issues facing international companies…
has a worldwide approach to foreign markets and production an…
a process of accomplishing the global objectives of a firm by…
When a firm exports goods... or services to consumers in another…
What is international business?
- is concerned with the issues facing international companies…
Multinational Enterprise
has a worldwide approach to foreign markets and production an…
International Business
domestic transaction
international transaction
foreign trade
global economy
A good produced and sold in the same country
the selling of items produced in other countries
trade between different countries of world
Economic activity that crosses national borders
domestic transaction
A good produced and sold in the same country
international transaction
the selling of items produced in other countries
International Business: The International Business Environment
The 4 risks of Int. Business
Commercial risks
Currency risks
Country risks
1. Commercial... 2. Currency... 3. Country ... 4. Cross-cultural
Refers to the firm's potential loss or failure from poorly de…
(Financial risk) refers to the risk of adverse fluctuations i…
(political risk) refers to the potentially adverse effects on…
The 4 risks of Int. Business
1. Commercial... 2. Currency... 3. Country ... 4. Cross-cultural
Commercial risks
Refers to the firm's potential loss or failure from poorly de…
40 terms
International Business
Franchisor
Franchisee
Advantages of franchising
Disadvantages of franchising
Focal firm grants the right to the foreign partner to use an…
performs local functions in foreign markets, such as marketin…
Gain well known brand... Acquire training and know-how, receive…
Can mean substantial initial investment and royalty payments…
Franchisor
Focal firm grants the right to the foreign partner to use an…
Franchisee
performs local functions in foreign markets, such as marketin…
International business
True
True
False
True
FDI is the most advanced and complex fereign market entry str…
A form of collaboration between two firms to form a new, join…
Foreign direct investment is the least risky entry strategy.
New markets, new resources, and improved efficiency are the t…
True
FDI is the most advanced and complex fereign market entry str…
True
A form of collaboration between two firms to form a new, join…
International Business
topics of cultural difference
Free trade means...(4)
Statutes applying internationally (4)
types of product exportation (2)
women's roles... free speech... diet... child labor... brivery
eliminate barriers (tariffs & non-tariff barriers)... prohibit d…
Foreign Corrupt Practices Act (1977)... Sarbanes-Oxley Act (2002…
direct-- sales to foreign purchaser... indirect-- sales to forei…
topics of cultural difference
women's roles... free speech... diet... child labor... brivery
Free trade means...(4)
eliminate barriers (tariffs & non-tariff barriers)... prohibit d…
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