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20 Cards in this Set
- Front
- Back
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agent |
intermediary, handles orders to buy and sell commodities, p and s in intl business |
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born global firm |
young entrepreneurial company that initiates intl business activity early in its evoluition moving rapidly into foreign markets |
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customs brokers |
specialist enterprises that arrange clearance products through customs on behalf of importing firms. |
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distribution channel intermediary |
provides various logistics and marketing services for focal firms, both in home country and abroad |
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export management company (EMC) |
domestically based intermediary that acts as an export agent on behalf of client company |
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facilitator |
firm/indv with special expertise in banking, legal advice, customs clearance. |
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focal firm |
initiator of intl business transaction. concieves, designs, and produces offerings intended for consumption by customers worldwide. primarily MNE and SME |
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foreign distributor |
foreign market based intermediary that works under contract for an exporter, takes title to, and distributes the exporter's products in natl market or territory, often performing marketing functions such as sales promothin and afer sales service. |
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franchisor |
firm that grants another the right to use an entire business system in exchange for fees, royalties etx. |
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freight forwarder |
specialized logistics service provider that arranges intl shipping on behalf of exporting firms |
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joint venture partner |
creates and jointly owns a new legal entity through equity investment or pooling of assets |
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licensor |
firm that enters a contractual agreement with foreign partner to allow partner the right to use certain intellectual property for specified period of time in exchange for royalties. |
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logistics service provider |
transportation specialist tghat arranges physical distribution and storage of producs on behalf of focal firms as well as controlling into between point of origin and point of consumption |
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manufacturer's representative |
contracted by exporter to represet and sell its merchandise in designated country |
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multinational enterprise (MNE) |
large company with substantial resources performs various business activities through network of subsidiaries and affiliates located in multiple countries |
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project based, nonequity venture partners |
collaboration in which partners create project with relatively narrow scope and well defined timetable, w/o creating new legal entity |
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SME |
500 or fewer employees |
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sovereign wealth fund (SWF) |
state owned investment that undertakes systematic, global investment activities. |
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trading company |
engages in import and export of variety of commodities products and services |
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turnkey contractors |
focal firms that plan, finance organize manage and implement all phases of project then hand it over to foreign customer. |
