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40 Cards in this Set
- Front
- Back
A company which tailors its products to each individual market?
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Multidomestic
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A fir which standardizes its products across all markets (entire world is one market)?
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Global
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A firm which balances the multidomestic product, customizing products where necessary, standardizing where able?
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Transnational
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A business whose activities are carried out across national boundaries?
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International Business
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Name three of the specific environments in which a company must operate?
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Competitive, distributive, economic, socioeconomic, financial, legal, physical, Labor
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The U.S.’s two largest trade partners?
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Canada and Mexico
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The purchase of sufficient stock in a firm to obtain significant management control?
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Direct investment
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Production facilities in Mexico that temporarily import raw materials, components, or parts duty-free to be manufactured, pressed, or assembled with less expensive local labor, finished or semi-finished good it the exported?
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In-Bond Plants
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The purchase of stocks and bonds to obtain a return on the funds invested?
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Portfolio Investment
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Transnational economic zones spread over large, geographically proximate areas covering three or more countries where differences in facto endowments are exploited to promote external trade and investments?
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Growth Triangles
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Numerical limits places on specific classes of imports?
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Quotas
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Amount of currency a dollar can buy?
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Exchange Rate
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Number of units of currency required to buy the same amounts of goods and services in the domestic market that one dollar would buy in the U.S.?
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Purchasing power parity
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An economic philosophy based on the belief that a nation’s wealth depends on accumulated wealth and to increase wealth, government policies should promote exports and discourage imports?
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Mercantilism
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States that countries export products requiring large amounts of their abundant production factors and import products requiring large amounts of scarce factors?
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Heckscher-Ohlin Theory of Endowment
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Economic integration where tariffs are abolished between members, but they still have them with outside world?
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Free Trade Area
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MERCOSUR affects this geographical area?
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South America
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Economic integration in which countries give up sovereignty, currency, controls at central bank?
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Complete economic integration
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Deliberative body of the UN, all countries have a vote, nonbinding decisions?
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General Assembly
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The five countries which have a permanent seat on the security council?
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U.S., U.K., China, Russia, France
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The largest currency exchange in the world?
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London
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A sever BOP deficit?
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Fundamental
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Meeting after WWII which established the gold standard, the IMF, the World Band, and stated stable exchange rates were preferable?
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Bretton Woods
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Established by the IMF as a reserve; they are based on a basket of currencies?
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SDR’s (Special Drawing Rights)
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The three accounts in the BOP?
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Current, capital, official reserves account
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Belief that one’s culture is superior to all others?
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Ethnocentricity
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Payments to keep the receiver from causing harm to the payer?
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Extortion
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Emigration of highly educated professionals to other countries?
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Brain Drain
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Aspect of Hinduism where entire society if divided up into four groups?
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Caste system
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Three of the nine components of culture?
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Religion, Education, Language
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Anything supplied by nature on which people are dependent?
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Natural Resources
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Massive area of bedrock in Trebek’s homeland?
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Canadian Shield
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Nuclear meltdown in the USSR in April 1986?
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Chernobyl
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Two of the four unconventional sources of energy?
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Coal, Natural gas, oil sands, oil bearing shale
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Worst spill in U.S. history?
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Alaskan Oil Spill
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EU?
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European Union
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NAFTA?
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North American Free Trade Agreement
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WTO?
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World Trade Organization
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OPEC?
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Organization of Petroleum Exporting Countries
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OECD?
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Organization for Economic Cooperation and Development
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