Chapter 5 Flashcards
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buyer for export
capital intensive
using more cap. than labor in the produciton process
CAFTA
contract manufacturing
countertrade
form of all goods or services
direct foregn investment
active ownership of a foreign company
dumping
exported price lower than that charged for the same or a like product in the home market
european uniion —27 countries
a free trade zone
export agent
acts like a manufactuers agent for the exporter
export broker
plays the traditional brokers role by bringing buyer and seller together
exporting
selling domestically produces products to buyers in other countries
floating exchange rates
prices in other countries move up or down
general agreement ofn tariffs and traf (GATT)
contains loopholes
global marketing
targets markets throughout the world
global marketing standarization
production of uniform products that can be sold the same way all over the world
global vision
reactning to internation marketin
grss domstic prodt (gdp)
total market value of all final goods and services produces in a country for a given period of time
group of twenty (G-20)
a forum ofor internal eco. devlopment that promites discussion between industrial and emerging-market countries on key issues related to global eco. stability.
international monetary fund (IMF)
acts as a lendor
job outsourcing
sending us jobs abroad
joint venture
firm buys part of a foriegn company
licensing
allows another firm to use its manufacturing process, trademarks, atens, trade secrets etc.
Mercosur
largest latin trade
multidomestic strategy
enable individual subsidiares
multinational corporation
heavy engaged
NAFTA
US
URargYR
dramatically lower trade barrier worldwide created the WTO
World bank
low interets loans
WTO
a trade organization that replaced the old general agreement
stages of business development
companies operate in companies and sell to others
set up foreign subsidiares
operate an entire line
virtual operation
global marketing standarization
can be sold the same way all over the world
multidomestic strategy
allowed to compete independently
external enviroment facing global marketors
culture natural resources E P D
legal considerations
tarriffs quota boycott exchange control marketing grouping trade agreement
