Acronyms
B2B - B2C
What is Business to Business and Business to Consumer?
a group, corporate, organization, member, or system that affects or can be affected by an organization's actions
What is a Stakeholder?
A person within an established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.
What is an Intrapreneur?
the concept of exchanging goods and services between people or entities in two different countries.
What is International Trade?
Something that we prefer over something else—whether it’s a behavior or a tangible item. Acquired early in life and are usually nonrational.
What is a value?
SWOT
What are Strengths, Weaknesses, Opportunities, and Threats.
someone living abroad temporarily or permanently for work, such as a company-assigned employee.
What is an expatriate?
Intra-industry trade
What is the concept of trade between two countries of goods produced in the same industry?
A country’s wealth is determined by its holdings of gold and silver.
What is Mercantilism?
The specific values that identify broad preferences for one state of affairs over others, and they are mostly unconscious. There are six in total.
What are Hofstede's Value Dimensions?
BRICS
What is Brazil, Russia, India, China, and South Africa?
creations of the mind, such as inventions, literary and artistic works, designs, and symbols, names, and images used in commerce, that are protected by law to give their creators exclusive rights and benefits.
What is intellectual property?
States that a product life cycle has three distinct stages: (1) new product, (2) maturing product, and (3) standardized product.
What is the Product life cycle theory?
•The ability of a country to produce a good more efficiently than another nation.
What is Absolute Advantage.
Ethnocentrism
What is the view that a person’s own culture is central and other cultures are measured in relation to it.
NGO
What is Non-Governmental Organization?
the moral principles, policies, and values that guide the conduct of individuals and organizations in a business environment, extending beyond legal requirements to cover fairness, honesty, and responsibility.
What are business ethics?
When the value of imports is greater than the value of exports.
What is a Trade Deficit?
Research and development
The ownership of intellectual property rights
Economies of scale
Unique business processes or methods as well as extensive experience in the industry
The control of resources or favorable access to raw materials
What are business driven barriers to entry?
the accepted principles of right or wrong that govern the conduct of businesspeople.
What are Business Ethics?
CAGE
The analytical framework used to understand country and regional differences along the distance dimensions of culture, administration, geography, and economics.
a imposed policy, regulation, action or restriction that limits or obstructs the free flow of international trade in goods and services.
What is a Trade Barrier?
The behavior patterns and norms of a group—the rules, the assumptions, the perceptions, and the logic and reasoning that are specific to a group.
What is Culture?
The four key determinants of national competitiveness:
•Local market resources and capabilities
•Local market demand conditions
•Local suppliers and complementary industries
•Local firm characteristics
What is Porter's National Competitive Advantage theory?
the business practice where companies include social and environmental concerns into their operations with the intent to be accountable and contribute to society, the economy, and the environment beyond their financial objectives.
What is Corporate Social Responsibility?