Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
What are the Pipeline Issues |
1. time zone and jet lag 2. special packaging 3. shipping cost / delivery times 4. currency fluctuation 5. travel expense 6. Communication charges 7. weather 8. customs, tarrifs, work permits 9. intermediaries 10. paperwork |
|
|
What are foreign issues? |
1. Cultural 2. Political 3. Legal 4. Financial 5. Infrastructure 6. Currency 7. Doing your homework 8. Employing people in that region educated in your country 9. Respect |
|
|
What kind of Economy categories are there? |
1. Developed countries 2. Newly-Industrialized economies 3. Newly Independent States 4. Lesser Developed Countries |
|
|
Ways to do business in a foreign region |
- License out product or service - Find foreign distributor - Set up joint venture with foreign party - Open foreign sales branch - Establish own manufacturing/marketing in foreign area - operate internationally, HQ in one country, significant business in others - Direct marketing |
|
|
How to protect foreign assets |
1. Irrevocoable Line of Credit 2. Transfer assets to home country 3. get paid in domestic currency 4. Keep assets liquid 5. Do business with reputable companies only 6. Good relationships with gov. 7. Good relationships with int. orgs. 8. make sure Risk/reward ratio is favorable 9. get incentives from gov 10.have good risk management plan |
