Global management

11 important questions on Global management

What is a global business?

The buying and selling of services t people from different countries.

What is a multinational corporation?

Own businesses in 2 ore more countries

What are trade barriers?

Government-imposed regulations that increase the cost and restrict the number of imported goods.
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What are nontariff barriers?

Nontax methods of increasing the cost or reducing the volume of imported goods.

What are voluntary export restraints?

Voluntarily imposed limits on the volume of products exported to a particular country.

What is a customs classification?

A classification assigned to imported products by government officials that affect the size of the tariff and imposition of import quotas.

What are regional trading zones?

Areas in which tariff, and nontariff barriers on trade between countries are reduced or limited.

What is global consistency?

When a multinational company has offices, manufacturing points, and distribution facilities in different countries and runs them all using the same rules, procedures and policies.

What is local adaption?

Modifying rules, guidelines, policies, and procedures to adapt to differences in foreign customs, governments, and regulatory agencies.

What is a cooperative contract?

An agreement in which a foreign business owner pays a company a fee for the right to conduct business in their country.

Wholly owned affiliates:

Foreign offices, facilities and manufacturing plants that are 100% owned by parent company.

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