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11 Cards in this Set

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  • Back
International business
transactions devised and carried out across borders, allows free flow of labor, capital, and technology
Types of international business
Export-Import trade
FDI
Licensing
Franchizing
MGT contracts
International trade has recently shifted
from commodities to manufactured goods
Globalization of trade
reduces prices
Factors
Geographic
Cultural
Social
Economic
Political
Culture
Integrated system of learningand sharing a way of life valued by a certain group
Culture is
multidimensional
Acculturation
Adapting to a different culture
High context
subtle, communal
Low context
explicit, individualistic
Change agents
cause shifts in society, consumption, products