Term
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Definition
| the worldwide interdependence of resource supplies, product markets, and business competition |
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Definition
| is the shifting of work to foreign countries to gain the benefits of lower wages and production costs |
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Term
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Definition
| a political and economic alliance of European countries |
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Term
| NAFTA - North American Free Trade Agreement |
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Definition
| links Canada, the United States, and Mexico in a regional economic alliance |
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Term
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Definition
| foreign manufacturing plants that operate in Mexico with special privileges |
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Term
| APEC - Asia-Pacific Economic Cooperation |
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Definition
| forum represents a third of the global market-place and top market for cars and telecommunications equipment |
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Term
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Definition
| conducts commercial transactions across national boundaries |
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Term
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Definition
| materials or components are purchased abroad for assembly at home into a final product |
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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
| occurs when a 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
| provides the complete "package" of support needed to open a particular business |
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Term
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Definition
| establishes operations in a foreign country through joint ownership with local partners |
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Term
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Definition
| a local operation completely owned by a foreign firm |
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Term
| Multinational Corporation (MNC) |
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Definition
| a business firm with extensive international operations in more than one foreign country |
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Term
| Transnational Corporation |
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Definition
| a MNC (multinational corporation) that operates worldwide on a borderless basis |
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Term
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Definition
| use of illegal business practices |
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Term
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Definition
| employs workers at very low wages and in poor working conditions |
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Term
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Definition
| employment of children for work normally performed by adults |
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Term
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Definition
| 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
| the tendency to consider one's culture as superior to all others |
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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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Term
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Definition
| emphasize words to communicate by speaking and writing |
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Term
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Definition
| are less specific with words and use body language, relationships, and other context to communicate |
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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
the degree to which a society accepts the unequal distribution of power in organizations
(High power distance - - Low power distance)
- Philippines (high)
- Japan
- USA
- Australia (low)
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Term
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Definition
the degree to which a society tolerates risk and situational uncertainties
(Strong uncertainty avoidance - -Weak uncertainty)
- Greece (strong)
- Japan
- USA
- Singapore (weak)
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Term
| Individualism-Collectivism |
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Definition
the degree to which a society emphasizes individual self-interest versus the collective values of groups
(Individualism - - Collectivism)
- USA (individualism)
- Japan
- Thailand
- Venezuela (collectivism)
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Term
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Definition
the degree to which a society emphasizes assertiveness and material concerns versus greater concern for human relationships and feelings
(Masculinity - - Femininity)
- Japan (Masculinity)
- USA
- Portugal
- Sweden (Femininity)
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Term
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Definition
the degree to which a society emphasizes short-term considerations versus greater long-term concern for future
(Short-term thinking - - Long-Term Thinking)
- USA (short)
- India
- Japan (long)
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Term
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Definition
| the study of how management practices differ systematically from one country and/or culture to the next |
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