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2.3 Assess global trends and opportunities for business vent
N/A
12
Business
12th Grade
02/25/2013

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Term
Macroeconomics
Definition
Study of the behavior of the whole(aggregate) economies or economic systems instead of the behavior of individuals, individual firms, or markets(which is the domain of microeconomics).
Term
Trade publications
Definition
A specific kind of publication - usually a magazine - that is geared to people who work in a specific business
Term
Venture
Definition
A business enterprise involving some risk in expectation in gain.
Term
Research Institutes
Definition
Office of Scientific and Technical Information, National Institute of Child Health and Human Development
Term
Trade Shows
Definition
Companies display and demonstrate their latest products/ services - can be public or private(only company representatives can attend)
Term
Infrastructure
Definition
transportation, communications, banking utilities, public services
Term
Social
Definition
All aspects of a nation including: language, education, religious, attitudes, social values.
Term
Political-legal Environment
Definition
laws and trade regulations vary from country to country, political conditions that can influence international marketing, labor conditions
Term
Inside-out Analysis
Definition
Considering what the entrepreneur and start-up are able to do: resources, capabilities, competitive advantage of the new business venture
Term
Outside-in Analysis
Definition
considering the general environment and the industry environment in which the venture might do business.
Term
General environment
Definition
broad facts like political and legal, sociocultural, macroeconomic, global, and technological factors.
Term
Industry environment
Definition
specific factors like ears of entry for new competition, availability of substitute products/services, existing rivalry among competitors, supplier power, buyer power.
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