Pros
Hiring people from different places
Diversification
These are different through different countries
Regulations
Workers
Human Resources
When there is a difference country by country
Comparative
Bringing in materials from another country
Brand Recognition
Major Factor in how people work
Culture
Things you can hold in your hand
Physical resources
When you can provide something cheaper and/or better than competitors
Absolute Advantage
Shipping something out to another country
Biggest business thing
Money
Can effect your spending country by country
Currency
Different word for money
Capital Resources
Advantage Type: There are more people in India than the United States
Comparative Advantage
If the United States brings in something from China; what's it called?
Import
Different types of money throughout
Currency
Important to hire others in other countries
Language Barriers
Raw Material
Advantage Type: One company can make better get-well-soon cards than another for a cheaper price.
Absolute Advantage
If the United States sends a product to France; what's it called?
Export
More of these appear.
Job opportunites
If something happens in one spot and affects the rest
Supply Chain risk
Most Important for a business
Entrepreneurial
Advantage Type: There is more lithium for cheaper in Guatemala than in the United States.
Comparative Advantage
If two countries send materials to one country; which country is the importer?
The 3rd country imports it all.