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Unit 4 International Business Test > short q and a > Flashcards

short q and a Flashcards

1
Q

what are the three globalization strategies?

A

Global standardization, strategy, localization, or multi domestic strategy transnational strategy

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2
Q

what are the advantages of a global standardization strategy?

A

Economies of scale and proportionate cost savings

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3
Q

What are the disadvantages of global standardization strategy?

A

Does not respond to individual cultures requires significant organization and communication between countries

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4
Q

What is a multi domestic strategy?

A

investing in other countries with decentralized decisions to meet local needs and customs

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5
Q

what are the advantages of a multi domestic strategy?

A

Less political risk increased product differentiation greater response to local needs

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6
Q

What are the disadvantages of a multi domestic strategy?

A

more expensive to implement reduces economies of scale

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7
Q

what is a transnational strategy?

A

Combining elements of global and multi domestic strategies with local decision-making

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8
Q

what what are the advantages of a transnational strategy?

A

Combines global efficiency with local responsiveness

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9
Q

what are the disadvantages of a transnational strategy?

A

More complex organizations

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10
Q

What is the TPP?

A

The transpacific partnership is a proposed trade agreement. I’m on 12 Pacific rim countries.

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11
Q

what is Luxx leaks?

A

Release of documents in 2014, revealing tax, avoidance schemes, and Luxenberg

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12
Q

what is the purpose of the European Union?

A

Promote economic and political cooperation among member states

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13
Q

what are the three governing bodies of the EU and what are their purposes?

A

European commission (purposes and enforces laws) European Council (sets political direction), European parliament (debates and passes)

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14
Q

what are the three expected benefits from CETA?

A

Increased trade, enhance regulatory cooperation, job creation

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15
Q

what are the three pillars of APEC?

A

trade an investment, liberalization, business, facilitation, economic, and technical cooperation

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16
Q

what does the WTO do

A

Provides a forum for trade, negotiations, set rules for trade and settles disputes

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17
Q

what is the purpose of G7?

A

Discuss macro economic issues and address, global challenges like climate control, and terrorism

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18
Q

What does G10 focus on?

A

Major world economies issues, and promoting global economic stability

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19
Q

What is BRICS?

A

Un Aso ation of five major, emerging economies, Brazil, Russia, India, China, South Africa

20
Q

What is the mission of the OECD?

A

Promote economic growth, employment, standard of living, financial stability and world trade

democracy and market economies

21
Q

what are the main activities of the world bank?

A

Lending money to develop in countries and providing training and banking regulations, and exchange rates

22
Q

what does the IMF do? (international monetary fund.)

A

Promotes financial stability, economic growth and poverty reduction through economic policies in lending

23
Q

What is the OPEC?

A

Organization of petroleum, exporting countries, coordinating petroleum policies among member countries

24
Q

what is Grexit and Brexit?

A

Grexit refers to grease potentially leaving the zone. Brexit refers to the UK leaving the EU.

25
Q

what is corporate social responsibility (CSR)

A

A companies commitment to conduct business ethically and contribute positively to society

26
Q

what are some benefits to CSR?

A

Marketing tool, avoids government regulation attracts excellent employees

27
Q

What are some criticisms of CSR?

A

Cost money, distraction, profit maximization may be used to distract from other issues

28
Q

what is a primary stakeholder?

A

Individuals or groups directly affecting the company success, example employees, customers, etc.

29
Q

what is a secondary stakeholder

A

Individuals or groups, indirectly affecting the company, example, competitors, and the government

30
Q

what are business ethics?

A

Rules or guidelines for ethical decision-making in business

31
Q

what is ethical imperialism?

A

Belief that certain universal truths or values are standard across all cultures

32
Q

what is cultural relativism

A

Believe that right and wrong depend on local values and cultural context

33
Q

what is the test of disclosure?

A

Ethical decision making tool asking how one would feel if a decision was publicly known

34
Q

what are the two main types of environmental issues?

A

Pollution and resource depletion

35
Q

what is a sweatshop?

A

Factories with unsafe conditions, unfair treatment, and low wages in underdeveloped countries

36
Q

what is the biggest sweatshop tragedy?

A

Plaza collapse in Bangladesh in 2013

37
Q

What are the different forms of corporate corruption?

A

Bribery, fraud embezzlement

38
Q

What is the corruption perceptions index?

A

Ranks countries by perceived levels of public sector, corruption

39
Q

what is dumping?

A

Selling products in a foreign country below production cost or Home country price

40
Q

what is predatory dumping?

A

Pricing products below market value to eliminate competition

41
Q

what is subsidizing?

A

Financial assistance from the government to support importing goods

42
Q

what is a microcredit?

A

Small loans to spur entrepreneurship in underserved communities

43
Q

what is a kiva?

A

A nonprofit facilitating micro finance through an online lending platform

44
Q

what is an NGO?

A

A nonprofit organization with a service and development focus

45
Q

give examples of ngos

A

Doctors without borders, world wildlife fund UNICEF

46
Q

what is ISO certification?

A

Certification, ensuring quality, safety, and efficiency across industries

47
Q

What are the advantages of ISO certification?

A

enhances credibility, improves processes, ensures compliance

Unit 4 International Business Test (3 decks)

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