Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how


chapter 2

define global shift: A term used to characterize the effects of change in the competitive landscape prompted by worldwide competition. This means the international business environment is changing faster than ever.
what is General Agreement on Tariffs and Trade? it is a treaty signed by 120 nations to lower trade barriers for manufactured goods and services. It is designed to protect our own people.
What is the North American Free Trade Act ( NAFTA)? it eliminated tariff and and most nontariff barriers and allows for free flow of agricultural products between the U.S and Mexico. it also increases U.S employment by keeping jobs here.
There are four major factors affecting international business: General business environment, legal systems, economic environment, and culture.
there are three types of legal systems when doing international business: common law ( precedents based on past court decision) civil law ( rely on a comprehensive set of rules that form part of a highly structured code) and Muslim law ( religious beliefs)
To succeed international business, Hofstede uses 5 dimensions to summarize different cultures: power distance, individualism, uncertainty avoidance, masculinity/femininity, and long term/short term orientation.
Firms who want to expand to another country face 3 key decisions: which country to enter, when to enter, and the scale of involvement (can you make money)
there are 7 modes of entry into another country: exporting, turnkey projects, licensing, franchising, joint ventures ( most common), wholly owned subsidiaries, strategic alliances.
Three basic approaches to managing foreign subsidiaries: ethnocentric approach, poly-centric approach, and the geocentric approach
Created by: charchar
Popular Management sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards