Graphs and Flowcarts
What are the internal and external factors that affect a business?
Strengths weaknesses opportunities threats
A group of people with a common demogrpahic, geographic, or ethnographic being targeted by a product of service is called a
target market
what is a tariff?
tax on foreign goods
does the government have a direct relation with the foreign market?
NO
name 2 international organizations
any that they did in the project
what is an import
what are the 4 sectors of a 4-sector economic business model
foreign market, household, business, government
what are the 3 types of target markets
primary, secondary, tertiary
what is an export
a product being shipped from the home country to a foreign market
What does PESTEL stand for?
Political, Economic, Sociocultural, Technological, Environmental, Legal
what is a multi national strategy ?
where a company will market in another foreign market
how many steps are in a supply chain?
as many as needed to get the raw goods to a product to the consumer
Can you predict a peak or trough before it happens?
NO
what are the 3 methods of expansion businesses use in a foreign market
franchising, licensing, joint ventures
what affects the price of goods sold?
supply and demand