Wealth
Revenue less Expense
Profit
Diversity and Demography
Social Environment
Imports > Exports
Trade Deficit or Unfavorable Balance of Trade
Quickest way to enter a new market
Licensing
EU
European Union
Bankers, customer and shareholders are examples of what?
Stakeholders
Taking care of employees and customers
Competitive Environment
Country should sell to other countries those products it produces most effectively and efficiently
Comparative Advantage
Riskiest strategy to enter a foreign market
WTO
World Trade Organization
No risk, no ______ is a common refrain heard in the business world
Reward
Minimum taxes and regulation
Can produce a specific product more efficiently than all other countries
Absolute advantage
The two groups hurt when the US institutes tariffs on China?
US Consumers, Chinese Businesses
NAFTA
North American Free Trade Agreement
Contracting with other companies to take over certain business functions
Outsourcing
Information Technology and databases
Technological Environment
Region of the world with the most potential consumers
Asia
use of government regulations to limit the import of goods and services
Trade protectionism
GATT
General Agreement on Trade and Tariffs
Sara Blakely, Oprah Winfrey and Debbie Fields are all female what?
Entrepreneurs
Global Competition, Free Trade, Few tariffs
Selling products in a foreign market at below cost in order to drive out competition
Dumping
Two forces that multinational companies have to consider when doing business abroad
sociocultural forces, economic and financial forces, legal and regulatory forces, and physical and environmental forces
ASEAN
Association of Southeast Asian Nations