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10 Cards in this Set
- Front
- Back
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what is international business |
International business means trading and investing across national borders |
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what are the key concepts of international business |
*international trade *Exporting *importing *international investment |
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what are four main types of risk in international business |
–Cross-cultural risk
–Commercial risk
–Currency (financial) risk
–Country risk |
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what is globalisation |
Globalisation is the ongoing integration and interdependence of countries around the world |
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why internationalise? |
•Higher margins for profit •New ideas •Supply of resources •Lower-cost production •Confront international competition |
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what is WTO |
World Trade Organisation is a multinational body that governs and regulates international trade and investment |
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barriers to trade? |
•Import/export licences
–Tax on imports or exports
–Limit on a quantity of a product that may enter a country
–Limit or ban on trade with a particular country
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benefits of teams |
•increase the knowledge base to perform a task
•Teams generate more ideas and options
•Teams allow people to accomplish goals they could not achieve alone |
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development stages for teams |
-Dependency and inclusion -Counter-dependency and fight -Trust and structure -Work |
