Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
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
Normal Size Small Size show me how
International Bus
International Bus terms and concepts
| Question | Answer |
|---|---|
| What is IB? | The trade between more than 2 nations crossing boarders (good, services, products) |
| What is Home Country? | Place where Bus is headquarter, where it all began. Citizenship |
| What is Host Country? | Where bus comes to do bus from another country. Residency |
| Globalization | the process of interaction and integration between people, companies, and governments worldwide. |
| FDI | Foreign Direct Investment: s an investment in a business by an investor from another country for which the foreign investor has control over the company purchased. |
| What are the 3 institutions impacting IB? | 1. International Monetary Fund 2. The World Bank 3. The World Trade Organisation |
| Regional Integration | a process in which neighboring states enter into an agreement co-operate and work closely together to achieve peace, stability and wealth. |
| Stages of Regional Integration | 1. Free trade agreement 2. Custom Union 3. Common Market 4. Economic Union 5. Political Union |
| Emerging Markets | are low-income, rapid-growth countries using economic liberalization as their primary engine of growth. |
| FPI | is the entry of funds into a country where foreigners deposit money in a country's bank or make purchases in the country's stock and bond markets |
| Mercantilism | is a national economic policy that is designed to maximize the exports of a nation. for the nation to be wealthy it must export as much as possible and import as little as possible. |
| Specilaization | Specialize in certain products in which they trade for other goods. Countries produce a surplus of a product in which they specialize and trade it for a different surplus goods of another country. |
| Factor Endowment | The amount of land, labor and entrepreneurship that a country possess and can exploit for manufacturing |
| Tariff | a tax or duty to be paid on a particular class of imports or exports. |
| World Bank | is an international financial institution that provides loans to countries of the world for capital projects. |
| World Trade Organisation | is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. |
| BRICS | Brazil, Russia, India, China, South Africa |
| Types of Markets | Consumer, industrial and Government |
| MIS Marketing Intelligence System | Info collected regularly over time. |
| International Marketing Mix | Publicity, Advertising, Sales promotion, Personal Selling |
| Domestic Marketing Mix | Promotion, Product, Place, Price |
| Environmental forces | Social, legal, economic, political, technological |
| Market potential | The entire size of the market for a product at a specific time. |
| Sales potential | Is an figure indicating the maximum or total sales from all prospective buyers of the product. |
| NAFTA | North America Federal Trade Association: an agreement among the United States, Canada and Mexico designed to remove tariff barriers between the three countries. |
| GATT | General Agreement on Tariffs and Trade was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. |
| Philos Principles of Ethics: Imperative Principle | Do what is right |
| Philos Principles of Ethics: Generalization Argument | Do what is right, but filter action by considering consequences |
| Philos Principles of Ethics: Utilitarian Principle | Do what produces the greatest good |
Created by:
paola26
Popular Business sets