International Business Chapters 1-4 Rated A

International Business Chapters 1-4 Rated A international business commercial transactions that crosses the borders of two or more nations imports goods and services purchased abroad and brought into a country exports goods and services sold abroad and sent out of a country multinational corporation (MNC) business that has direct investments abroad in multiple countries globalization trend toward greater economic, cultural, political, and technological interdependence among national institutions and economics sustainability development that meets the needs of the present without compromising the ability of future generations to meet their own needs World Trade Organization (WTO) international organization that enforces the rules of international trade; today has 159 member and 25 observers World Bank agency created to provide financing for national economic development efforts; initial purpose was to finance reconstruction after WWII International Monetary Fund (IMF) agency created to regulate fixed exchange rates and to enforce the rules of the international monetary system; one duty is to promote international monetary cooperation gross national product (GNP) value of all goods and services produced by a country's domestic and international activities over a one-year period culture set of values, beliefs, rules, and institutions held by a specific group of people subculture a group of people who share a unique way of life within a larger culture; example Latino within USA values ideas, beliefs, and customs to which people are emotionally attached attitudes positive or negative evaluations, feelings, and tendencies that individuals harbor toward objects or concepts aesthetics what a culture considers good taste in the arts, the imagery evoked by certain expressions, and the symbolism of certain colors; example in the US black is a symbol of death where in Asia white is manners appropriate ways of behaving, speaking, and dressing in a culture social group collection of two or more people who identify and interact with each other; major ones are gender and family social stratification process of ranking people into social layers or classes social mobility ease with which individuals can move