Term
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Definition
| Performance of business activities across national business |
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Term
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Definition
| Performance of the management process in an international business setting |
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Term
| What 3 things fueled the global boom? |
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Definition
| Transportation, communication, and technology |
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Term
| Multinational Company (MNC) |
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Definition
| An organization conducting business in two or more countries |
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Term
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Definition
| A corporation operating as if the world were a single market, with corporate headquarters, manufacturing facilities, and marketing operations throughout the world |
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Term
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Definition
| Selling of domestic goods to a foreign counry |
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Term
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Definition
| when a country imports more than it exports |
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Term
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Definition
| when a country exports more than it imports |
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Term
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Definition
| An agreement through which one firm (the licensor) allows another firm (the licensee) to sell the licensor's product and use its brand name |
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Term
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Definition
| 4 link between buyers and sellers indifferent countries |
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Term
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Definition
| Complex bartering agreements between two or more parties |
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Term
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Definition
| the exchange of merchandise between companies |
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Term
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Definition
| A partnership between a domestic firm and a firm in a foreign company |
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Term
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Definition
| A combination of two firms' resources in a partnership that goes beyond the limits of a joint venture |
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Term
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Definition
| Purchasing of one or more business operations in a foreign country |
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Term
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Definition
| Differences both within and between cultures |
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Term
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Definition
| Gross National Product per capita, which takes into account a nation's GNP in relation to its population |
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Term
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Definition
| Communications, transportation, and energy facilities that mobilize the country and also indicate its economic condition |
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Term
| the higher the level of consumption |
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Definition
| the greater the market potential |
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Term
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Definition
| A limit to the amount of a product that can leave or enter a country |
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Term
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Definition
| A prohibition of the import or export of certain goods |
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Term
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Definition
| A tax on an import or export |
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Term
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Definition
| A limit on how much profit a foreign-based firm can return to its home country |
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Term
| Customs and Entry Procedures |
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Definition
| Inspection, documentation, and licensing of foods entering a country |
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Term
| Web-Pomerene Export Trade Act (1918) |
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Definition
| Exempts U.S. firms from antitrust laws if they're acting together to develop international trade |
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Term
| Foreign Corrupt Practices Act (1977) |
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Definition
| Forbids bribing foreign officials to obtain sales for American firms |
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Term
| Export Trading Companies Act (1982) |
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Definition
| Encourages the formation of export trading companies by eliminating antitrust barriers and allowing bank to participate in such ventures |
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Term
| General Agreement on Tariffs and Trade (GATT) |
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Definition
| works to reduce or eliminate tariffs and other barriers to international trade |
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Term
| International Monetary Fund (IMF) |
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Definition
| Founded in 1944, it promotes cooperation among member nations by eliminating trade barriers |
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Term
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Definition
| Formed in 1946, it lends money to underdeveloped and developing countries for various projects |
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Term
| Multinational Market Group |
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Definition
| An agreement by two or more countries to reduce trade and tariff barriers between them |
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Term
| Free Trade Agreement (FTA) 1989 |
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Definition
| Provides for the eventual elimination of tariffs and other trade barriers |
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Term
| North American Free Trade Agreement (NAFTA) |
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Definition
| A 3-nation alliance of the US, Canada, and Mexico agreed upon on August 12, 1992 |
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Term
| Name 4 Multinational Market Groups |
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Definition
- The US, Canada, Mexico
- The European Union
- Pacific Rim
- Eastern Europe and Commonwealth of Independent States
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Term
| Total Quality Management (TQM) |
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Definition
| A management approach to long-term success through customer satisfaction, based on the participation of all members of an organization in improving processes, products, service, and the culture in which they work |
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Term
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Definition
| The continuous process of measuring a firm's goods, practices, and services against those of its toughest competitors and leading firms in other industries |
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