Term
| Small- and medium-sized enterprises (SMEs) |
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Definition
| Firms with fewer than 500 employees |
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Term
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Definition
| Leaders identifying opportunities and taking decisions to exploit them |
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Definition
| A group of people jointly acting as entrepreneurs |
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Term
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Definition
| Seller of products or services to another country |
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Term
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Definition
| buyer of goods or services from another country |
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Term
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Definition
| The sale of products made by firms in their home country to customers in other countries |
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Term
| Sporadic ( or passive) exporting |
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Definition
| The sale of products prompted by unsolicited inquiries from abroad |
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Term
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Definition
| A financial contract that states that the importer's bank will pay a specific sum of money to the exporter upon delivery of the merchandize |
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Term
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Definition
| Supplying services across national borders |
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Term
| Servicing foreign visitors |
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Definition
| Supplying services to customers coming from aboard |
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Term
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Definition
| Firm A's agreement to give Firm B the rights to use A's proprietary technology ( such as a patent ) or trademark ( such as a corporate logo) for a royalty fee paid to A by B |
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Definition
The company granting a license
The company receiving a license |
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Definition
| Imitating the behaviour of others as a means to reduce uncertainty |
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Definition
| The difference between two cultures along some identifiable dimensions ( such as individuslism) |
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Term
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Definition
| The extent of similarity or dissimilarity between the regulatory, normative and cognitive institutions of two countries. |
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