D270 Midterm Garcia Verified
Questions And Outlined Answers
\Q\.home country - ANSWER-✔where a company's HQ is and where the company came from
\Q\.host country - ANSWER-✔foreign country where a business invests
\Q\.MNE - ANSWER-✔multinational enterprise
- conducts business activities in multiple countries
\Q\.MNC - ANSWER-✔multinational corporation
- operates in several countries but is managed in one(home) country
\Q\.TNC - ANSWER-✔transnational corporations
- commercial enterprise
- does business in more than one country but does not consider any country it's home
\Q\.company competitiveness - ANSWER-✔ability to provide products & services more
effectively than competitors
\Q\.country competitiveness - ANSWER-✔ability of the government to generate prosperity for
its people
- management of human & economic resources
, \Q\.RDE countries - ANSWER-✔rapidly developing economies
\Q\.BRIC's - ANSWER-✔Brazil, Russia, India, China
- newly advanced economic development
\Q\.CIVETs - ANSWER-✔Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa
-predicted to be the next emerging markets to quickly rise in economic prominence
\Q\.the environmental approach - ANSWER-✔assessment of the risks of the external
environment
- labor, econ, culture, laws
\Q\."floating subsidiary" - ANSWER-✔you can't please everyone, make a choice
\Q\.FDI - ANSWER-✔foreign direct investment
- when an individual or business owns 10% or more of a foreign company's capital
\Q\.what are cultural norms based on? - ANSWER-✔attitudes, values, beliefs
\Q\.the culture-behavior connection - ANSWER-✔culture--> ABV--> norms--> behavior--> repeat
\Q\.national culture - ANSWER-✔acquired, gradual, ethnocentric, shared, hard to change,
relative, same process across groups
\Q\.why study political environment? - ANSWER-✔1. it affects business
Questions And Outlined Answers
\Q\.home country - ANSWER-✔where a company's HQ is and where the company came from
\Q\.host country - ANSWER-✔foreign country where a business invests
\Q\.MNE - ANSWER-✔multinational enterprise
- conducts business activities in multiple countries
\Q\.MNC - ANSWER-✔multinational corporation
- operates in several countries but is managed in one(home) country
\Q\.TNC - ANSWER-✔transnational corporations
- commercial enterprise
- does business in more than one country but does not consider any country it's home
\Q\.company competitiveness - ANSWER-✔ability to provide products & services more
effectively than competitors
\Q\.country competitiveness - ANSWER-✔ability of the government to generate prosperity for
its people
- management of human & economic resources
, \Q\.RDE countries - ANSWER-✔rapidly developing economies
\Q\.BRIC's - ANSWER-✔Brazil, Russia, India, China
- newly advanced economic development
\Q\.CIVETs - ANSWER-✔Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa
-predicted to be the next emerging markets to quickly rise in economic prominence
\Q\.the environmental approach - ANSWER-✔assessment of the risks of the external
environment
- labor, econ, culture, laws
\Q\."floating subsidiary" - ANSWER-✔you can't please everyone, make a choice
\Q\.FDI - ANSWER-✔foreign direct investment
- when an individual or business owns 10% or more of a foreign company's capital
\Q\.what are cultural norms based on? - ANSWER-✔attitudes, values, beliefs
\Q\.the culture-behavior connection - ANSWER-✔culture--> ABV--> norms--> behavior--> repeat
\Q\.national culture - ANSWER-✔acquired, gradual, ethnocentric, shared, hard to change,
relative, same process across groups
\Q\.why study political environment? - ANSWER-✔1. it affects business
