INTB 200 MIDTERM REVIEW CURRENTLY TESTING WITH COMPLETE SOLUTIONS
GRADED A+
International Business
business activities of public and private
enterprises that involve the movement of goods, services or resources across national
boundaries (raw materials, capital, and people)
Foreign Business
the operations of a firm outside of its domestic or home market
International Company
a company with operations in more than one nation
Factors that Influence Globalization
1. Political Climate
2. Technology
3. Markets
4. Cost
5. Competition
Political Climate
- reduced trade barriers
,- increased in DFI
- a rise in NGOs
- lowering of protectionism
Corporate Culture
rules and regulations that proscribe and prescribe how employees are to behave/act in a
particular company's environment
Values
abstract ideas about what a group believes to be good, right, and desirable
Norms
social rules and guidelines that prescribe appropriate behavior in a particular situation
Culture is...
- learned, not innate
- shared amongst people
Ethnocentrism
belief in the superiority of your own ethnic group/culture
,Components of Culture
- aesthetics
- attitudes and beliefs
- how achievement and work is viewed
- social structure
- religion
- material culture
- technology
- education
- language
Aesthetics
what people consider to be beautiful and in good taste
- explicit: music, dance, art, literature
- implicit: decision-making
- color, number, and symbols all have significance in culture
Attitudes and Beliefs
- scheduling, religious calendar, etc.
How Achievement and Work is Viewed
ex. in the US, the boss is in the corner but in France, the boss is right in the middle of
everything
, Foreign Corrupt Practices Act (FCPA)
forbids bridery
Social Structure
- social mobility
Social Mobility
the extent to which individuals can move out of the status in which they were born
- caste system: born into a position and can't get out of it
- class system: born into it but you can climb out with hard work and luck
Religion
shared beliefs and rituals concerned with the realm of the sacred
tells:
- what ethical system is based on
- attitudes and beliefs
- moral principles/values
Material Culture
what products do people own/what would they like to own
GRADED A+
International Business
business activities of public and private
enterprises that involve the movement of goods, services or resources across national
boundaries (raw materials, capital, and people)
Foreign Business
the operations of a firm outside of its domestic or home market
International Company
a company with operations in more than one nation
Factors that Influence Globalization
1. Political Climate
2. Technology
3. Markets
4. Cost
5. Competition
Political Climate
- reduced trade barriers
,- increased in DFI
- a rise in NGOs
- lowering of protectionism
Corporate Culture
rules and regulations that proscribe and prescribe how employees are to behave/act in a
particular company's environment
Values
abstract ideas about what a group believes to be good, right, and desirable
Norms
social rules and guidelines that prescribe appropriate behavior in a particular situation
Culture is...
- learned, not innate
- shared amongst people
Ethnocentrism
belief in the superiority of your own ethnic group/culture
,Components of Culture
- aesthetics
- attitudes and beliefs
- how achievement and work is viewed
- social structure
- religion
- material culture
- technology
- education
- language
Aesthetics
what people consider to be beautiful and in good taste
- explicit: music, dance, art, literature
- implicit: decision-making
- color, number, and symbols all have significance in culture
Attitudes and Beliefs
- scheduling, religious calendar, etc.
How Achievement and Work is Viewed
ex. in the US, the boss is in the corner but in France, the boss is right in the middle of
everything
, Foreign Corrupt Practices Act (FCPA)
forbids bridery
Social Structure
- social mobility
Social Mobility
the extent to which individuals can move out of the status in which they were born
- caste system: born into a position and can't get out of it
- class system: born into it but you can climb out with hard work and luck
Religion
shared beliefs and rituals concerned with the realm of the sacred
tells:
- what ethical system is based on
- attitudes and beliefs
- moral principles/values
Material Culture
what products do people own/what would they like to own
