BUSI 3250 Study guides, Class notes & Summaries

BUSI 3250 Exam 1 with Complete Solutions International Business Business that is carried out across national borders Foreign Business denotes the operations of a company outside its home or domestic market International Company A company with operations in multiple nations enviroment All of the forces influencing the life and development of the firm Uncontrollable forces external forces that management has no direct control over external forces consist of the following 1. co...

Amortality : Anti-aging trends for millennials Shareconomy : also called the shortcut society - MOOCs, unber, air bnb cloaking : creation of private pages or closed groups on social media such as FB, desharing and unselfies -- deleting or use of self-destructing messages and use of anonymous website predictable consumer behavior : Analyzing data to improve marketing serendipity 2 | P a g e : Enjoying surprises through coincidental discovers on social networks on through surprise ...

nationalization : Changing something from private to state ownership or control, why governments get involved (ex. USPS) Privatization : To change from government or public ownership or control to private ownership or control, why governments sell businesses Four Areas of Increasing Concern to Governments : - terrorism - kidnapping - piracy - cybercrime Country Risk Assessment 2 | P a g e : An assessment of a country's economic situation and politics to determine how much risk ...

Amortality : anti-aging trends for millennials (market dedicated to anti-aging in the millennial market) Shareconomy : also called the Shortcut society (MOOCs, Uber, AirBNB, renting your car to someone else) Cloaking : Creation of private pages or closed groups on social media sites such as Fb, desharing and unselfies - deleting or use of self-destructing messages and use of anonymous website Predictable Consumer Behavior : Analyzing data to improve marketing (as an example) Sere...

Foreign environment : all the uncontrollable forces originating outside the home country that surround and influence the firm Foreign Interactions : interaction between domestic and foreign environmental forces or between sets of foreign environmental forces gross domestic product (GDP) : total monetary value of all goods and services produced within a nation Gross National Income (GNI) : total value of all income generated by the residents of a nation, including both the domestic p...

International Business : = Business that is carried out across national borders - includes trade and foreign manufacturing, service industry like transportation/ tourism/advertising, and retailing Foreign Business : denotes the operations of a company outside its home or domestic market (interchangeable with international business) international company : A company with operations in multiple nations T/F: No domestic firm is entirely free from foreign or international environmental fo...

International Business : = Business that is carried out across national borders - includes trade and foreign manufacturing, service industry like transportation/ tourism/advertising, and retailing Foreign Business : denotes the operations of a company outside its home or domestic market (interchangeable with international business) international company : A company with operations in multiple nations T/F: No domestic firm is entirely free from foreign or international environmental fo...

T/F. One of the significant differences between formal and informal institutions is how they gain compliance. : True T/F. The United Nations operates with voluntary agreements, so it is essentially an informal institution. : True T/F. Permanent members of the UN Security Council vote on Security Council measures and only the Secretary-General of the UN has veto power. : False, everyone on the security council has the power to veto T/F. The World Bank is made up of one large instituti...

The U.S enforcement of Equal Opportunity Commission (EEOC) law in the U.S companies operating abroad is an example of extraterritorality. : True Intellectual property includes patents and trademarks, but not copyrights. : False The European Patent Organization (EPO) makes filing for a patent in all 28 EU member states more difficult than it was previously. : False The logo that allows consumers to identify a company or product is an example of trademark. : True Extraterritoriality ...

International Business : Business that is carried out across national borders. Deals with domestic, foreign, and international. Foreign Business : Denotes the operations of a company outside its home or domestic market. Interchangeable with International Business International Company : A company with operations in multiple nations Environment : All the forces influencing the life and development of the firm. Uncontrollable Forces : External forces that management has no direct cont...