Business in Global Market
13 important questions on Business in Global Market
What are benefits of joint ventures?
- Shared marketing and management expertise
- Entry into markets where foreign companies are often not allowed unless goods are produced locally.
What are the disadvantages of joint ventures?
- A shared technology may become obsolete
- The joint venture may become too large to be as flexible as needed
What's a strategic alliance?
- don't share costs, risks, management/profits
- provide broad access to markets, capital and technical expertise.
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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What's a multinational corporation?
What are the forces affecting global trade?
- Economic and financial
- Legal and regulatory
- Physical and environmental
Of what cultural differences do you need to be aware?
What does ethnocentricity mean and how can it affect global success?
How would a low value of the dollar affect US exports?
What does the Foreign Corrupt Practices Act prohibit?
What are the two kinds of tariffs?
- Revenue; raise money for governments
What are goals of NAFTA?
- To promote fair trade possibilities between these countries
- To increase the investment opportunities
- To provide effective intellectual property right protection
What are the major threats to doing business in global markets?
What are the two primary concerns about offshore outsourcing?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
