D270 Midterm Davis 2024 LATEST
UPDATE
Globalization - ANSWER A ;process of broadening of interdependent relationships
among people who are divided into national borders.
International Business - ANSWER Any commercial transactions between 2 or more
countries
Extent of Globalization - ANSWER 1. Increase in and application of technology
2. Liberalization of cross-border trade
3. Development of services that support international business
4. growing consumer pressures
5. Increased global competition
6. Changing political situation and gov policies
7. Expand cross nation cooperation
Negative side of globaliztion - ANSWER -Threats to National Sovereignty
-Emotional Stress
-Growing Income inequality
Why go International - ANSWER -Expand sales
-Acquire Resources
-Minimize Risk
How many countries are there? - ANSWER 193
Modes of International Business - ANSWER Exports/imports and investments
What type is a Foreign Direct Investment - ANSWER Controlling interest investment
What type is a portfolio investment - ANSWER Non-controlling interest investment
Direct exports - ANSWER Taking orders in home market and shipping them direct to a
customers in a new market
Exporting via Local Distributor - ANSWER Entering an agreement for a local distributor
to sell goods produced in home market in a new market
Licensing and Franchising - ANSWER Entering an agreement for local manufacturer to
produce and sell goods in a new market.
Sales Operation - ANSWER Setting up a sales team in a new market to sell goods
produced in home market
, Equity Investment - ANSWER Purchase minority stake in an existing firm in a new
market, enter an agreement to work with the firm in that market.
Joint Venture - ANSWER Creation of new entity in a new market with one or more other
firms as joint owners in the new entity.
Acquisition - ANSWER Purchasing a majority stake in an existing firm operating in a
new market (Foreign Direct Investment)
Foreign Direct Investment Def - ANSWER Taking a majority interest in a foreign
corporation
Greenfield - ANSWER Setting up a new operation from scratch in a new market
Offshoring Pros - ANSWER -Lower costs
-sell more
-Growth in Host country
Highest % of twitter users - ANSWER Saudi Arabia
Highest % of women - ANSWER Latvia
Culture - ANSWER Shared values, attitudes, and beliefs of a group of individuals
Determinants of Culture - ANSWER Religion
Social Structure
Language
Education
Economic Philosophy
Political Philosophy
National culture - ANSWER -Acquired
-Gradual
-Ethnocentric
-Shared
-Hard to change
-relative
Behavioral Practices - ANSWER -Work motivation
-Relationship
-Risk Taking
-Information and Task Processing
Ethnocentricim - ANSWER Belief that our countries practices are superior
UPDATE
Globalization - ANSWER A ;process of broadening of interdependent relationships
among people who are divided into national borders.
International Business - ANSWER Any commercial transactions between 2 or more
countries
Extent of Globalization - ANSWER 1. Increase in and application of technology
2. Liberalization of cross-border trade
3. Development of services that support international business
4. growing consumer pressures
5. Increased global competition
6. Changing political situation and gov policies
7. Expand cross nation cooperation
Negative side of globaliztion - ANSWER -Threats to National Sovereignty
-Emotional Stress
-Growing Income inequality
Why go International - ANSWER -Expand sales
-Acquire Resources
-Minimize Risk
How many countries are there? - ANSWER 193
Modes of International Business - ANSWER Exports/imports and investments
What type is a Foreign Direct Investment - ANSWER Controlling interest investment
What type is a portfolio investment - ANSWER Non-controlling interest investment
Direct exports - ANSWER Taking orders in home market and shipping them direct to a
customers in a new market
Exporting via Local Distributor - ANSWER Entering an agreement for a local distributor
to sell goods produced in home market in a new market
Licensing and Franchising - ANSWER Entering an agreement for local manufacturer to
produce and sell goods in a new market.
Sales Operation - ANSWER Setting up a sales team in a new market to sell goods
produced in home market
, Equity Investment - ANSWER Purchase minority stake in an existing firm in a new
market, enter an agreement to work with the firm in that market.
Joint Venture - ANSWER Creation of new entity in a new market with one or more other
firms as joint owners in the new entity.
Acquisition - ANSWER Purchasing a majority stake in an existing firm operating in a
new market (Foreign Direct Investment)
Foreign Direct Investment Def - ANSWER Taking a majority interest in a foreign
corporation
Greenfield - ANSWER Setting up a new operation from scratch in a new market
Offshoring Pros - ANSWER -Lower costs
-sell more
-Growth in Host country
Highest % of twitter users - ANSWER Saudi Arabia
Highest % of women - ANSWER Latvia
Culture - ANSWER Shared values, attitudes, and beliefs of a group of individuals
Determinants of Culture - ANSWER Religion
Social Structure
Language
Education
Economic Philosophy
Political Philosophy
National culture - ANSWER -Acquired
-Gradual
-Ethnocentric
-Shared
-Hard to change
-relative
Behavioral Practices - ANSWER -Work motivation
-Relationship
-Risk Taking
-Information and Task Processing
Ethnocentricim - ANSWER Belief that our countries practices are superior
