GLO-BUS DECISIONS & REPORTS YEAR 7|GLO-BUS DECISION
SUMMARY YEAR 7, COMPLETE SOLUTION GUIDE.
absolute advantage - -the ability to produce a good using fewer inputs than
another producer
--balance of trade - -the difference between a country's total exports and total
imports
--comparative advantage - -the ability to produce a good at a lower
opportunity cost than another producer
--contract manufacturing - -private label manufacturing by a foreign company
--exports - -goods sold to other countries
--foreign direct investment - -a capital investment that is owned and operated
by a foreign entity
--foreign subsidiary - -a company owned in a foreign country by another
company, called the parent company
--international franchise - -agreement in which a domestic company
(franchiser) gives a foreign company (franchisee) the right to use its brand and
sell its products.
--international joint ventures - -a partnership of two or more participating
companies that have joined forces to create a separate legal entity
--international strategic alliance - -an organizational relationship that allows
companies in different countries to pool resources and share risks as they
enter new markets
--liscensing - -an owner's authorization or permission for another entity to be
trademarked, copyrighted, etc.
--multinational corporation - -an organization that manufactures and markets
products in many different countries and has multinational stock ownership
and multinational management
SUMMARY YEAR 7, COMPLETE SOLUTION GUIDE.
absolute advantage - -the ability to produce a good using fewer inputs than
another producer
--balance of trade - -the difference between a country's total exports and total
imports
--comparative advantage - -the ability to produce a good at a lower
opportunity cost than another producer
--contract manufacturing - -private label manufacturing by a foreign company
--exports - -goods sold to other countries
--foreign direct investment - -a capital investment that is owned and operated
by a foreign entity
--foreign subsidiary - -a company owned in a foreign country by another
company, called the parent company
--international franchise - -agreement in which a domestic company
(franchiser) gives a foreign company (franchisee) the right to use its brand and
sell its products.
--international joint ventures - -a partnership of two or more participating
companies that have joined forces to create a separate legal entity
--international strategic alliance - -an organizational relationship that allows
companies in different countries to pool resources and share risks as they
enter new markets
--liscensing - -an owner's authorization or permission for another entity to be
trademarked, copyrighted, etc.
--multinational corporation - -an organization that manufactures and markets
products in many different countries and has multinational stock ownership
and multinational management
