Term
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Definition
| ongoing economic integreation and growing interdependency of countries worldwide |
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Term
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Definition
| perfromance of trade and investment activities by firms across national borders |
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Term
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Definition
| the tendency of companies to deepen their international business activites systematically |
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Term
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Definition
| exchange of products and servicese across national borders, typically through exporting and importing |
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Term
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Definition
| sale of products or services to customers located abroad from a base in the home country or a third country |
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Term
| importing or global sourcing |
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Definition
| procurement of products or services from suppliers loacted abroad for consumption in the home country or a third country |
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Term
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Definition
| the transfer of assests to anther country or the acquistion of assests in that country |
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Term
| international portfolio investment |
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Definition
| passive ownership of foreign securities such as stocks and bonds to generate financial returns |
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Term
| foreign direct investment |
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Definition
| an internationalization strategy in which the firm establishes a physical presence abroad through acquistion of productive assets such as capital, technology, labor, land, plant, and equipment |
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Term
| international business risk#1 Cross-cultral risk |
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Definition
| a situation or event in which a cultural misunderstanding puts some human value at stake |
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Term
| international business risk#2 country risk |
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Definition
| potentially adverseeffects on company operations and profitability caused by developments in the political, legal, and economic environment in a foreign country |
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Term
| international business risk#3 currency risk |
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Definition
| risk of adverse fluctuations in exchange rates |
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Term
| international business risk#4 commercial risk |
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Definition
| firms' potential loss or failure from poorly developed or executed business strategies, tactics, or procedures |
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Term
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Definition
| the initiator of an international business transaction, which conceives, designs, and produces offerings intended for consumption by customers worldwide. focal firms are primarily MNEs and SMEs |
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Term
| distribution channel intermediary |
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Definition
| a specialist firm that provides various logistics and marketing services for focal firms as part of international supply chains, both in the home country and abroad |
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Term
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Definition
| a firm or an individual with special expertise in banking, legal advice, customs clearance, or related support services that assists focal firms in the performance of international business transactions |
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Term
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Definition
| a specialized logistics service provider that arranges international shipping on behalf of exporting firms |
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Term
| multinational enterprise (MNE) |
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Definition
| a large company with substantial resources that performs various business activities through a network of subsidiaries and affiliates located in multiple countries |
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Term
| small and medium sized enterprise (SME) |
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Definition
| a company with 500 or fewer employees (as defined in Canada and the United States) |
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Term
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Definition
| a young entrepreneurial company that initiates international business activity early in it evolution, moving rapidly into foreign markets |
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