Extra Notes for Exam 1 Flashcards
1
Q
Four Trends Affecting Global Business
A
- Growth of the WTO & open trade agreements
- Developing countries heading toward free trade
- The Internet, cellular, and networked communication
- A mandate to manage the global environment for the future
2
Q
Largest exporting country in the world
A
China
3
Q
What has to be adjusted when going international
A
- Price
- Product
- Promotion
- Place
4
Q
What was the economic boom in North America
A
- End of Cold War
- late 90’s
5
Q
What President was about peace
A
Woodrow Wilson
6
Q
A good marketer asks/knows…
A
- what
- where
- why
- when
7
Q
Why does sales tax exist?
A
So the government can keep the money for themselves
8
Q
Who are the members of WTO
A
governments
9
Q
Targeted fear
A
Nationalism -> All foreign countries
Targeted Animosity -> Specific countries
10
Q
What does BP stand for?
A
It was Bezina Parse and now is British Petroleum
11
Q
What percent of U.S is foreign-born
A
12%
12
Q
Percentage of labor unionized in Germany
A
77%
13
Q
Percentage of labor unionized in U.S.
A
12%
14
Q
Foreign Corrupt Policies Act (FCPA)
A
- 1976, President Carter
- makes it illegal for countries to pay bribes to foreign officials, candidates, or political parties
15
Q
Omnibus Trade and Competitiveness Act
A
- Amendment to FCPA
- Clarified two of the most troubling issues
- Corporate officers’ liability was changed from having reason to know illegal payments were made TO knowing or authorizing illegal payments
