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Definition
| recourses marks and competition are worldwide in scope |
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Term
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Definition
| is the process of growing interdependence among elements of the global economy |
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Definition
| involves managing operations in more than one country |
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| culturally aware and informed on international affairs |
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Term
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Definition
| is a political and economical alliance of European countries |
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Term
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Definition
| the new common European currency |
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Definition
| North American Free Trade Agreement - linking Canada, the United States, and Mexico in an economic alliance |
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Definition
| foreign manufacturing plants that operate in Mexico with special privileges |
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Term
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Definition
| conducts commercial transactions across national boundries |
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Term
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Definition
| materials or services are purchaes around the world for local use |
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Term
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Definition
| local products are sold abroad |
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Term
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Definition
| the process of acquiring products abroad and selling them in domestic markets |
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Term
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Definition
| one firm pays a fee for the rights to make or sell another company's products |
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Term
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Definition
| a fee is paid for rights to use another firm's name and operating methods |
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Term
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Definition
| operates in a foreign country through co-ownership with local partners |
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Term
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Definition
| is a local operation completely owned by a foreign firm |
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Term
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Definition
| member nations agree to negotiate and resolve disputes about tariffs and trade restrictions |
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Term
| Most favored nation status |
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Definition
| gives a trading partner most favorable treatment for imports and exports |
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Term
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Definition
| is a call for tariffs and favorable treatments to protect domestic firms from foreign competition |
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Term
| multinational corporation |
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Definition
| is a business with extensive international operations in more than one foreign country |
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Term
| transnational corporation |
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Definition
| in an MNC (Multinational Corp) that operates worldwide on a borderless basis |
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Term
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Definition
| involves illegal practices to further one's business interests |
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Term
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Definition
| comply workers at very low wages for long hours and in poor working condition |
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Term
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Definition
| is the full-time employment of children for work otherwise done by adults |
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Term
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Definition
| meets the needs of the present without hurting future generations |
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Term
| ISO (International Standards Organization) 14000 |
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Definition
| offers a set of certification standards for responsible environment policies |
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Term
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Definition
| is a shared set of beliefs, values, and patterns of behavior common to a group of people |
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Term
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Definition
| is the confusion and discomfort a person experiences when in an unfamiliar culture |
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Definition
| is the tendency to consider one' culture as superior to others |
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Term
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Definition
| emphasize communication via spoken or written words |
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Term
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Definition
| rely on nonverbal and situational cues as well as spoken or written words in communications |
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Term
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Definition
| people tend to do one thing at a time |
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Term
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Definition
| time is used to accomplish many different things at once |
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Term
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Definition
| Studies how management practices differ among countries and cultures |
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Term
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Definition
| is possible loss because of fluctuating exchange rates |
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Term
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Definition
| is the possible lose of investment in control over a foreign asset because of instability and political changes in the host country |
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Term
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Definition
| forecasts how political events may impact foreign investments |
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Term
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Definition
| lives and works in a foreign country |
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Term
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Definition
| consider practices of the home country the best |
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Term
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Definition
| assume locals know best ways to manage in their countries |
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Term
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Definition
| value talent and best practices from all over the world |
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