• Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

Card Range To Study



Play button


Play button




Click to flip

Use LEFT and RIGHT arrow keys to navigate between flashcards;

Use UP and DOWN arrow keys to flip the card;

H to show hint;

A reads text to speech;

38 Cards in this Set

  • Front
  • Back
International Business
a business that engages in international economic activities
the close integration of countries and peoples of the world
The fundamental question of international business
What determines success or failure of the world
Institution based view
rules of the game
Resource based view
firm's own resources
formal institutions
follow the laws, regulations and rules.
Informal institutions
norms, cultures, ethics and normative cognitive
Cognitive Pillar
The internalized, taken-for-granted values and beliefs that guide individual and firm behavior
Normative Pillar
how the values, beliefs and actions of other relevant players influence the behavior of local individuals and firms
System in which on person or party exercises absolute political control
civil law
derived from roman law
common law
shaped by precedents and traditions
theocratic law
based on religious teachings
Legal rights awarded by government authorities to inventors of new products or processes
exclusive legal rights of authors and publish and disseminate their work
exclusive legal rights of firms to use specific names, brands and designs to differentiate their products from others
Market Economy
Free enterprise
Command Economy
all factors of production are government or state owned and controlled
Mixed economy
characterized elements of both a market and a command economy
Self-centered mentality within a society people tend to perceive their own culture, ethics an norms as "natural rational and moral rights"
Lingua Franca
The global business language.
low context cultures
less formal
High Context cultures
more formal- functionality
Reactive- ethics
deny responsibility, do less then required
Defensive- ethics
admit responsibility, but fight it, do the least that is required
Accommodative- ethics
accept responsibility; do all that is required
Proactive- ethics
anticipate responsibility; do more than is required
Cultural intelligence
Managers should enhance their cultural intelligence. an individual's ability to understand and adjust to new cultures.
& threats
Tangible resources
physically see it
intangible resources
corporate images, brands and patents
Why off shoring
to be able to focus more on core activities
why not to off shore
if you can manage it all in house
home country protecting you when you exporting
absolute advantage
one country has a complete advantage
India- saffron
Comparative advantage
has some what of an advantage
tech- US
Tariff barriers
tax on imported goods
Import quotas
restrict amount of goods one country can bring to another