Reading...
Play button
Play button
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;
19 Cards in this Set
- Front
- Back
|
GDP
|
measure of the market value of all goods and services produced within the boundaries of a nation, regardless of the asset ownership
|
|
|
GNP (GDI)
|
Total monetary value of goods and services produced in a year by the nationals, or residents, of a country. Includes income that nationals earn abroad, but does not include income earned within a country by foreigners.
|
|
|
International Marketing
|
Performance of business activities designed to plan, price, promote, and direct the flow of a company's goods and services to consumers or users in more than one nation for profit.
|
|
|
Self-Reference Criterion (SRC)
|
an unconscious reference to one's own cultural values, experiences, and knowledge as a basis for decisions.
|
|
|
Ethnocentrism
|
the notion that one's own culture or company knows best how to do things
|
|
|
International Monetary Fund
|
Objectives are:
-stabalize foreign exchange rates -establish free convertible currencies to facilitate the expansion and balanced growth of international trade |
|
|
Culture
|
Society's accepted basis for responding to external and internal events
|
|
|
Full Understanding of a society's actions
|
-influence of historical events
-geographical uniqueness to which a culture has to adapt |
|
|
4 Global Population Trends
|
-Controlling population growth
-Rural/urban migration -Population decline and aging -Worker shortages and immigration |
|
|
Elements of Culture
|
-Aesthetics
-Economy-Technology & Political -Human and the Universe -Language (s) Social Institutions |
|
|
Effects of Culture
|
-Beliefs
-Customs -Rituals -Rules -Values |
|
|
Cultural Electives
|
Relate to the areas of behavior or to customs that cultural aliens may wish to conform to or participate in but that are not required
|
|
|
Cultural Exclusives
|
Those customs or behavior patterns reserved exclusively for the locals and from which the foreigner is barred.
|
|
|
M Time
|
Monochromatic- do one thing at a time, make commitments
|
|
|
P Time
|
Polychromatic- Do many things a once, commitments are flexible and low priority
|
|
|
Expropriation
|
where the government siezes an investment but some reimbursement for the assets is made.
|
|
|
Keys to Lessening Political Vulnerability
|
-Balance of payments improves by increasing exports or reducing imports through import substitution
-Use locally produced resources -Transfers capital, technology, and or skills -Creates jobs -Makes tax contributions |
|
|
Keys to Lowering Economic Risk
|
-Choose lower risk method of entry
-Choose good or local partner -Expand investment base -Planned domestication -Buy political risk insurance -Be a good "local" citizen |
|
|
OPIC- Overseas Private Investment Corporation
|
-US Government Agency
-Sells political risk insurance -Profitable every year since 1971 |
