Revisiting Important Concepts (Mastery Of Theories) Flashcards

1
Q

Operate in more than one country through its __ and have a centralized management system

A

Subsidiary-multinational companies

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2
Q

It is company that is owned or controlled by a parent or holding company

A

Subsidiary companies

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3
Q

Have many companies around the world but do not have a centralized management system

A

Transnational Companies

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4
Q

What is Heckscher Ohlin Theory (Eli Heckscher and Bertil Ohlin in 1900)

A

Kun nano an yaon ka nga sobra sobra, export mo, kun nano an wara ka or kulang ka, import mo.

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5
Q

Leontief paradox

A
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6
Q

Encouraging export and restraining import

A

Mercantilism

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7
Q

What is country similarity theory?

A
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8
Q

What are the benefits of exporting?

A

•Earning money
•Creating Jobs
•Economic growth

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9
Q

What do you call it when a country or company sells goods or service to other countries?

A

Exporting

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10
Q

It is a product or service that is sold to another country.

A

Export

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11
Q

It is a person or company that sells goods or services to other countries

A

Exporter

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12
Q

It is the ability to enter and sell products in foreign country

A

Market access

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13
Q

These the restrictions that make it difficult to export goods to certain countries

A

Trade Barriers

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14
Q

Worlds top 10 exporter goods (2022)

A
  1. Mineral fuels and mineral oils
  2. Electrical machinery and equipment
  3. Nuclear reactors
  4. Vehicles
  5. Precious metals and stones
  6. Pharmaceutical products
  7. Plastics
  8. Optical, measuring and medical instruments
  9. Iron and steel
  10. Organic chemicals

MENVP PPOIO

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15
Q

World’s top 10 largest exporter(2022)

A

China (Transmission apparatus)
United states (Petroleum)
Germany (Cars)
Netherlands (Petroleum)
Japan (Cars)
South Korea (Electronic Circuits)
Italy ( Drugs)
Belgium (Cars)
France ( Airplanes)
Hong Kong (Gold)

CUGNJ SIBFH

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