Buying/Selling abroad
What is the difference between a licensor and a licensee?
The licensor is the one granting a licence, the licensee is the one receiving that licence (for a fee).
What does "AWL" stand for?
Airway Bill
Define and explain the Uppsala model.
Explain the term "subcontracting".
A contract that involves outsourcing of an intermediate stage of a value chain.
Explain the CIF model.
The seller pays all costs of transport, including insurance and freight.
Explain the stages model.
Models depicting internationalization as a slow stage-by stage process an SME must go through.
What is a consortium?
It is a project-based temporary business owned and managed jointly by several firms.
What are the three missing terms? (See picture)
Letter of credit, US exporter, Merchandise
What are the x and y axes of the internalization processes figure?
x = Time, y = Resource commitment