Unit 1
International traded takes place between.
What is businesses?
Process of the growing interdependence of people, countries and economies.
What is globalization?
Customizes products, services and marketing for local cultures
What is multidomestic strategy?
Data observed or collected by a business for its needs.
What is primary data?
Island that is need for security reasons by the USA.
What is Greenland?
You sell your product only in the same country as it's produced.
What is domestic market?
Creator of the six cultural dimensions.
Who is Hofstede?
An illegal financial exchange in a business context.
What is paying a bribe?
A company's expansion by acquiring its competitors.
What is horizontal integration?
Event where Mark Carney gave a speech on Tuesday
What is World Economic Forum?
Term for government policies that restrict international trade
What is protectionism?
Economic indicators that predict where the economy is headed.
What are leading indicators?
Provides loans and grants to assist with education, health, and infrastructure.
What is the International Monetary Fund (IMF)?
Overall goal of logistics.
What is to maximize profitability?
Countries Automaker that has overtaken Tesla
What is China or BYD?
Currency that is not easily tradable.
What is soft currency?
Expectations of how to present yourself in a business meeting.
What is business etiquette?
The selling of products in a foreign country below the cost of production or below the price in the home country.
What is dumping?
Company contracts out major business functions to a specialist company.
What is outsourcing?
Country whose President was arrested for drug trafficking.
What is Venezuela?
Banking, construction, communications.
What is Tertiary?
Attempt to increase a company's effectiveness or efficiency.
What is rationalization?
Promotes trade liberalization (easing trade restrictions) throughout the world. Settles trade disputes.
What is the World Trade Organization (WTO)?
A Company's manufacturing and marketing is performed in one location.
What is centralized strategy?
Person who received letter/text from Trump about not receiving the Nobel Peace Prize.
What is Norwegian Prime Minister Jonas Gahr Støre?