Flashcard Terms (E's)

1
Q

Economies of Scale

A

A proportionate savings in costs gained by an increased level of production

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2
Q

Embargoes

A

An order of a government prohibiting the departure of commercial ships from its ports

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3
Q

Equity

A

Value of the shares of a company

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4
Q

Ethical Consumerism

A

A movement in which consumers make purchasing decisions based on a company’s ethical profile

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5
Q

Ethics

A

Field of philosophy that deals with the morality of what is considered right and wrong

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6
Q

Ethnocentric

A

HR strategy of hiring only people from the home country for key positions in foreign subsidiaries

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7
Q

Ethnocentrism

A

The belief that one’s own culture is most important

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8
Q

Exascale

A

Computing system capable of at least one exaflop or a billion billion (i.e., a quintillion) calculations per second

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9
Q

Exchange Rate Regime

A

The way in which an authority manages its currency in relation to other currencies and the foreign exchange market

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10
Q

Exchange Rates

A

The price of one currency expressed in terms of units of another currency

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11
Q

Expatriate

A

A person who lives outside of their own native country.

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12
Q

Export Strategy

A

An international commerce strategy that focuses on shipping domestic products to other countries

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13
Q

Exports

A

A commodity, good, or service sold abroad

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