week 3 mix of all Flashcards
A multinational enterprise has its management headquarters—-
in one country, the home country, while also operating in other countries, the host countries.
Multinational corporation or enterprise is——
an enterprise producing goods or delivering services in more than one country
What year did Ray Kroc get involved
1954
what were the names of the two brothers that formed Mcdonalds
Richard & Maurice McDonald.
Where did the McDonald brothers open up their first store?
San Bernardino, California
What year did Ray Kroc buy out the brothers
1961
Who invented the BIG MAC INDEX and when?
The Economist in 1986
Define PPP?
Purchasing-power-parity the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services in any two countries.
What is the Big mac index based off of?
aPurcahsing-power-parity
bPurcahsing-pinal-plants
cPurchasing-power- plans
dPurcahsing- pins- parity
a
What gave countries the opportunity to not be so reliant on Italy?
Developing technology (ships) these countries had the ability to get to trading routes/zones on their own without the help of Italians.
Venice dominated the exchange of goods until the 1400s. What countries resented them?
a. England, Holland, France, Portugal
b. Poland, America, France, Spain
c. Holland, France, America, Australia
d. None of the above
a
True or False Expanding Trade Companies
Investors would join together and mitigate the risk of unsuccessful trade voyages.
True
True or False
Two great examples of going on adventures to get silk and spice were the Dutch East India Company (known as VOC) and the British East India Company.
True
Dutch East Indian Co desired what?
Pepper, and other spices
What year did the four-ship exploratory occur?
1659
1899
1595
1706
1595
Where did the four-ship exploratory head off to?
The main pepper port of West Java, where they fought both the Portuguese and indigenous Indonesians.
In March 1599, a fleet of eight ships was the first Dutch fleet to reach the ‘Spice Islands’ of Maluuku, the source of pepper, cutting out the Javanese middlemen. The ships returned to Europe in 1599 and 1600… How much profit did they make.
the expedition made a 400 percent profit