international business environement

Question 1

inputs=

Answer 1

resources(whats avaliable- labour, tech finance)

Question 2

outputs=

Answer 2

goods and services

Question 3

environmental influences=

Answer 3

economic, demographic, social, political, legal and technological

Question 4

immediate or operational environment=

Answer 4

suppliers
competitors
labour market
trade

Question 5

what can a pestle analysis be used for

Answer 5

used to analyse a firms current and future environment as part of the strategic management process
also shows threats and opportunites

Question 6

longpest=

Answer 6

looks at the local, national and global factors as well as whats happening at the time and where it is

Question 7

why does international trade take place

Answer 7

mutual benefit
specialised and efficiency
absolute advantage

Question 8

absolute advantage=

Answer 8

countries should specialise in the goods and exports which they can produce efficiently and trade for other things they need

Question 9

comparative advantage=

Answer 9

there may still be a global efficiency gain from trade if a country specialised in those products so that it can produce more efficiently than other products