History of IB
Which is the definition of international business?
All the commercial transactions that take place between two or more regions.
What is inflow of FDI?
Is the flow of FDI into a country.
What´s franchising?
The practice of using another firm´s successful business model.
What is UNWTO?
The World Tourism Organization
What is a Joint Venture?
Are long-term relationships involving the pooling of assets, joint managment, profit and risk sharing.
What do the Arabian nomads used to trade?
They traded silk and spicies in far east.
What is outflow of FDI?
The flow of FDI out of a country.
The owner of the bussiness model.
What´s the definition of Tourist?
People who travel to and stay in places outside their usual environment for more than 24 hrs.
What is a turn-key package?
Is when the supplier provied machinery, buildings, managment expertise, and production plans.
Who created the first paper printed money?
The Song Dynasty.
Horizontal FDI
What is a Franchisee?
The one who purchases the right to operate a business using a certain brand.
Domestic Tourism
is the tourism of resident visitors within economic territory of the country of reference.
This via has the advantage of cost-savings to the recipient, but is generally suitable for small and medium projects.
Technology transferred through individual experts.
Which country untroduced the trade licenses?
Japan.
Vertical FDI
The MNE produces intermediate goods either forward or backward in the supply stream.
McDonald´s
Inbound Tourism
Is the tourism of non-resident visitors within the economic territory of the country of reference.
This type of transfer could be patented or unpatented, subject to proprietary rights.
Transfer through technical Know-How
1st of January 1994
Conglomerate FDI
The MNE produces products not manufactured at home.
Over 1,500 franchise brands.
Internal Tourism
is the tourism of resident visitors, both resident and non-resident, within the economic territory (domestic+inbound).
This type is normally adecuate for manufacuring purposes where the nature of the technology is not complex.
Transferred via machinery or other intermediate goods.