Revisiting Important Concepts (Mastery Of Theories) Flashcards
Operate in more than one country through its __ and have a centralized management system
Subsidiary-multinational companies
It is company that is owned or controlled by a parent or holding company
Subsidiary companies
Have many companies around the world but do not have a centralized management system
Transnational Companies
What is Heckscher Ohlin Theory (Eli Heckscher and Bertil Ohlin in 1900)
Kun nano an yaon ka nga sobra sobra, export mo, kun nano an wara ka or kulang ka, import mo.
Leontief paradox
Encouraging export and restraining import
Mercantilism
What is country similarity theory?
What are the benefits of exporting?
•Earning money
•Creating Jobs
•Economic growth
What do you call it when a country or company sells goods or service to other countries?
Exporting
It is a product or service that is sold to another country.
Export
It is a person or company that sells goods or services to other countries
Exporter
It is the ability to enter and sell products in foreign country
Market access
These the restrictions that make it difficult to export goods to certain countries
Trade Barriers
Worlds top 10 exporter goods (2022)
- Mineral fuels and mineral oils
- Electrical machinery and equipment
- Nuclear reactors
- Vehicles
- Precious metals and stones
- Pharmaceutical products
- Plastics
- Optical, measuring and medical instruments
- Iron and steel
- Organic chemicals
MENVP PPOIO
World’s top 10 largest exporter(2022)
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