BUSI 3250 Study guides, Class notes & Summaries

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...

T/F an international company (IC) is a company headquartered in another nation. : false T/F as used in the text. the term environment means all the forces influencing the life and developement of the firm : true T/F lobbyists who advocate for new laws that will affect the production standards of a business are an example of the internal force : false T/F those who work in the international environment find that decision making is more complex than it is in a purely domestic environme...

What are the 3 P's of sustainability? : people, planet, profit Meeting the needs of the future without compromising the ability of future generation's to meet their needs : Sustainable Development C.K. Prahalad popularized the term : "Bottom of the Pyramid" What does "Bottom of the Pyramid" refer to? : refers to the approximately 3 billion people who survive on less than $2 per day, where basic survival needs are just barely met. Prahalad suggested that this large mass of huma...

The taking of private property by a government to make it public (also called expropriation) : Nationalization motivated by the belief that the government can manage a public good or necessity better than the private, profit-driven sector : Why does nationalization occur? maintains itself in power and whose fiscal, monetary, and political policies are predictable and not subject to sudden, radical changes : Stable government Cannot maintain itself in power or makes sudden, unpredicta...