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