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20 Cards in this Set
- Front
- Back
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What is international business?
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overseas operations or trade
international suppliers those competing with international companies |
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winner vs loser
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a country that trades most or is already wealthy is a winner
a country that doesnt trade, has restrictive/corrupt governments and little natural resources is a loser |
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Different tactics of culture (4)
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verbal communication,
nonverbal communication, religious traditions, social enforcements |
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types of social enforcements
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imperitives- you must follow
adiaphores- doesnt matter if you follow exclusives- not allowed to follow |
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Hofstede's four dimensions
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-Uncertainity Avoidance (risk)
-Power Distance (between superiors and subordinates) -Collectivism vs Individualism -Masculinity (money as rewards) vs Femininity (health care as reward) |
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types of legal systems
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common law-interpretation
civil law religious law indigenous law-lack consistency bureaucratic law-contradictory |
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international laws
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bilateral-two nations agree
regional-NAFTA, EU multinational-WTO |
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anti trust laws
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who are you allowed associating with and how much of a market can you hold
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property protection laws
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laws about the quality of patents and trademarks.
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marketing restrictions
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laws about promotions, price, product type, and limitations of distribution channels
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GDP vs GDP per capita
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macro measure of the economy that states the value of all the goods and services produced in a country; divided by the number of people in that country
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micro measures of the economy
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inflation rate, unemployment, dent, income distribution, poverty, balance of payments, happiness
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foreign corrupt practices act
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forbids american companies from paying overseas bribes
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ways to control trade
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*subsidies- giving money to export
*aids-loans with no interest *customs valuation-declare value upon import *quotas-restrict supply *buy local *labels *specific permission *admin delays *restrictions |
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generic strategies (3)
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low cost
differentiation niche |
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international perspectives (4)
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international (sell same everywhere)
multidomestic (do how country youre in does it) global (take whats best and sell everywhere) transnational (weave together best of all countries) |
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structural forms
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global functional
geographical model single matrix multi business global multi business geographical multi business matrix hybrid |
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country factors
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culture
laws resources trade barriers |
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technological factors
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fixed cost
minimum efficient scale flexibility of manufacturing technology |
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product factors
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manufacturing skills required
value to weight ratio |
