Chapter 4 Flashcards
1
Q
minifirms
A
operating worldwide
2
Q
Ethnocentric Managers >:|
A
My language over yours!!!
3
Q
Paraochialism Managers -_-
A
IM CHINESE SO ONLY CHINESE!
4
Q
Geocentric Managers :)
A
VALUE EVERYBODY !
5
Q
Why expand internationally?
A
Supplies Lower Wages New Market Financial Capital Avoidance of tariffs and import goods
6
Q
Maquiladoras
A
US Business that moved to Mexico
7
Q
NAFTA—–us!
A
MEXICO US CANADA
MAKES easy to trade
8
Q
5 ways of expanding internationally
A
GLOBAL OUTSOURCING----LOWEST IMPORTING,EXPORTING-----LOWER LICENSING, FRANCHISING-MEDIUM JOINT VENTURES---HIGH WHOLLY OWNED---HIGHEST
9
Q
Barriers to international trade
A
TARIFFS
IMPORT QUOTAS
EMBARGOES
10
Q
TARIFFS
A
customs duty, or tax
11
Q
IMPORT QUOTAS
A
LIMITS! (prevents dumping)
12
Q
Embargoes
A
BAN BAN BAN BAN BAN!!!!
13
Q
E-COMMERCE
A
ETSY!
14
Q
World Trade Organization (WTO)
A
monitor and enforce trade agreements
15
Q
World Bank
A
Low interest
