Business Environment - Managing Internationally

8 important questions on Business Environment - Managing Internationally

Transnational (different business structures)

More complex, does business in more than 1 county, doesn't consider any their home. They are albe to maintain a greater degree of responsiveness

Multidomestic (different business structures)

Fits its product to each domestic environment acting as its own entity

International (different business structures)

They import and export, no investment outside of the home nation
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Offshoring (business internationally)

Contracting activities to companies in other countries who can do the work more cost efficiently

Exporting and Importing (business internationally)

Having no investment outside of the domestic market but exporting all the good and importing the resources

Licensing (business internationally)

A firm givers another firm the rights to use their assets in exchange for a fee. Franchising is when you give a firm the right to use your brand, technology, or product specifications

Joint venture (business internationally)

An alliance in which partners agree to pool their resources for an agreed upon assignment

Wholly-owned subsidiary (business internationally)

Multinationals, transnationals, global companies

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