Term
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Definition
| Exchange of products and services across national borders; typically through exporting and importing. |
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Term
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Definition
| Performance of trade and investment activities by firms across national borders. |
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Term
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Definition
| Ongoing economic integration and growing interdependency of countries worldwide. |
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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/Global Sourcing |
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Definition
| Procurement of products or services from suppliers located abroad for consumption in the home country or a third country |
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Term
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Definition
| The transfer of assets to another country or the acquisition of assets 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 for the purpose of generating financial returns. |
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Term
| Foreign Direct Investment (FDI) |
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Definition
| An internationalization strategy in which the firm establishes a physical presence abroad through acquisition of productive assets such as capital, technology, labor, land, plant, and equipment. |
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Term
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Definition
| A situation or event where a cultural miscommunication puts some human value at stake. |
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Term
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Definition
| Potentially adverse effects on company operations and profitability caused by developments in the political, legal, and economic environment in a foreign country. |
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Term
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Definition
| Risk of adverse fluctuations in exchange rates |
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Term
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Definition
| Firm’s potential loss or failure from poorly developed or executed business strategies, tactics, or procedures |
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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 in the United States, although this number may need to be adjusted downward for other countries. |
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Term
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Definition
| A young entrepreneurial company that initiates international business activity very early in its evolution, moving rapidly into foreign markets |
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