4.2.3 Assessing a country as a location, 4.2.4 reasons for global mergers or joint ventures Flashcards
1
Q
Bureaucracy
A
from the french word for desk or office, a business or government that’s bound up in rules- often strangling initiative and enterprise
2
Q
Multinational
A
a company based in one country but with operations in many
3
Q
backwards vertical takeover
A
buying a business in the same industry but at an earlier stage in the supply chain
4
Q
generic products
A
generic products are undifferentiated; in the case of pharmaceuticals they’ll be chemically identical
5
Q
joint venture
A
a legal agreement between two businesses to work together on a specific project
