4.2 Global Markets and Business Expansion Flashcards
What are push factors that prompt businesses to look for opportunities in international markets?
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What are pull factors that prompt businesses to look for opportunities in international markets?
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What’s outsourcing?
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Evaluate outsourcing?
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What’s offshoring?
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Evaluate offshoring?
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Explain extending the product life cycle in relation to international markets?
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Explain why it is important to assess a country as a market?
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What are 5 things a business may look for in a countries market?
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Explain why it is important to assess a country as a production location?
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Explain proximity to markets in relation to assessing a country as a production location?
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What are 8 things a business may look for when assessing a country as a production location?
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What are 8 factors contributing to a country’s infrastructure?
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What’s a merger?
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What are 4 barriers to entry for a business attempting to access an international market?
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What are 7 reasons for global mergers and joint ventures?
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Global competitiveness- the significance of exchange rate fluctuations may depend on what?
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Explain cost competitiveness in relation to global competitiveness?
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Explain differentiation in relation to global competitiveness?
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Explain skill shortages in relation to global competitiveness?
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