D270 Midterm - James Davis

D270 Midterm - James Davis / Actual Exam Questions & Correct, Certified Solutions/ .Stretch your brain before your first study session Learn / Study with Learn how many countries in the world Choose matching term 11932physical factors 3competitive environment4licensing Don't know?Globalization Process of broadening interdependent relationships among people who are divided among people who are divided into national boarders international business commercial transactions between 2+ countries 1 / 2

Terms in this set (52) forces behind globalization 1.technology 2.trade 3.services that support intern. business 4.consumer pressure 5.global competition 6.changing political situations and gov policies 7.expanded cross-national cooperation negative effects of globalization 1.threats to national sovereignty 2.small countries feel threatened 3.cultural homogenity threatens uniqueness 193how many countries in the world portfolio investment non-controlling investment of stocks and loans constortium2+ people investing in a business direct exportsshipping directly to customers from home market. costs = low, easy to initiate, no shared ownership, high shipping cost, no local adaption exporting via a local distributer entering an agreement for a local distributor to sell goods produced in home market in a new market, cost=low, control=low, some local adaption, limited financial return, lack of control licensingentering an agreement for local manufacturer to produce/sell goods in a new market, cost=low, control-low, gov mech = ownership of sales Sales operationsetting up a sales team in a new market to sell goods produced in home market, cost = mod, control=mod equity investment Buying minority stake in an existing firm in a new market, entering in an agreement to work in that market

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