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D270 Midterm Garcia Questions and 100% Complete Answers
UPDATED!!!
Offshoring - ANSWER the relocation of business processes and
services to a lower-cost foreign location particularly white-
collar, technical, professional, and clerical services
Outsourcing - ANSWER A decision by a corporation to turn over
much of the responsibility for production to independent
suppliers.
Turnkey Operation - ANSWER A company sets a contract with a
company abroad, trains local personnel, and then turns the key
over to local management for a fee. allows host country to use
their trademark, brand
management contract - ANSWER home country hires a host
country to hire, train, manage workers for their work and pays
them a fee for dealing with operations overseas. less risk, less
costly, less complex
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Foreign Direct Investment - ANSWER investor takes controlling
investment in foreign country
joint venture - ANSWER an agreement between two or more
companies to share an FDI
change agent - ANSWER someone who is a catalyst in helping
organizations to deal with old problems in new ways. can also
be brands changing culture/brands in a country
opinion leaders - ANSWER individuals who exert direct or
indirect social influence over others. influencers
Reshoring - ANSWER moves jobs back from foreign to domestic
locations
Microprocessor - ANSWER The central processing unit that is
generally made from a single integrated circuit.
Agglomeration - ANSWER Clumping together of industries for
mutual advantage.
D270 Midterm Garcia Questions and 100% Complete Answers
UPDATED!!!
Offshoring - ANSWER the relocation of business processes and
services to a lower-cost foreign location particularly white-
collar, technical, professional, and clerical services
Outsourcing - ANSWER A decision by a corporation to turn over
much of the responsibility for production to independent
suppliers.
Turnkey Operation - ANSWER A company sets a contract with a
company abroad, trains local personnel, and then turns the key
over to local management for a fee. allows host country to use
their trademark, brand
management contract - ANSWER home country hires a host
country to hire, train, manage workers for their work and pays
them a fee for dealing with operations overseas. less risk, less
costly, less complex
, 2|Page
Foreign Direct Investment - ANSWER investor takes controlling
investment in foreign country
joint venture - ANSWER an agreement between two or more
companies to share an FDI
change agent - ANSWER someone who is a catalyst in helping
organizations to deal with old problems in new ways. can also
be brands changing culture/brands in a country
opinion leaders - ANSWER individuals who exert direct or
indirect social influence over others. influencers
Reshoring - ANSWER moves jobs back from foreign to domestic
locations
Microprocessor - ANSWER The central processing unit that is
generally made from a single integrated circuit.
Agglomeration - ANSWER Clumping together of industries for
mutual advantage.
