Geb 3375 ucf Study guides, Class notes & Summaries

Licensing: - Answer-An arrangement in which the owner of intellectual property grants another firm the right to use that property for a specified period of time in exchange for royalties or other compensation. Royalty - Answer-Lump sum, a "running royalty" based on the volume of products produced from the know-how, or a combination of both. Intellectual Property Rights - Answer-The legal claim through which other parties protect the proprietary assets of firms or individual from unauthori...

GEB 3375 Exam 1 UCF LATEST UPDATE GRADED A+ Globalization of markets refers to the interconnectedness of national economies and the growing interdependence of buyers, producers, suppliers, and governments around the world Role of Technology in Globalization technology offers products/services worldwide, communication finding information, the world has become a "small place" Examples of Technology's Role in Globalization -shorter flight times -declining cost of global communicat...

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Globalization of markets - Answer-refers to the interconnectedness of national economies and the growing interdependence of buyers, producers, suppliers, and governments around the world Role of Technology in Globalization - Answer-technology offers products/services worldwide, communication finding information, the world has become a "small place" Examples of Technology's Role in Globalization - Answer--shorter flight times -declining cost of global communication -growing # of internet...

What is *market screening*? - A modified version of environmental scanning in which the firm identifies desirable markets by eliminating the less desirable ones. What is the *Basic Needs Potential*? - A modified version of environmental scanning in which the firm identifies desirable markets by eliminating the less desirable ones. An example of *basic needs potential*? - The basic need potential of some goods is dependent on various physical forces, such as climate, topography, and natural ...

Market Screening - Firm is able to identify desirable markets Country screening (Ex. Brazil) First screen (Basic needs potential) - Influenced by climate, geography, natural resources. Some needs easy to assess(Industrial goods) while others are harder (Desire for chocolate). Data incudes Imports, local production Second Screening (Financial and Economic Forces) - market indicators: economic data used to measure relative market strength of countries or geographic areas ex: market size, ma...

Firms operating across borders must deal with the forces of three kinds of environments. These environments include all of the following except: A. domestic B. local C. foreign D. international E. none of the above - Answer-B All of the following are major drivers leading firms to internationalize their operations except: A. technological B. cost C. social D. market E. competitive - Answer-C T/F - Globalization of product lines and production helps reduce costs by achieving economie...

Globalization of markets : refers to the interconnectedness of national economies and the growing interdependence of buyers, producers, suppliers, and governments around the world Role of Technology in Globalization : technology offers products/services worldwide, communication finding information, the world has become a "small place" Examples of Technology's Role in Globalization : -shorter flight times -declining cost of global communication -growing # of internet users -ease of...

No, laws and legislations are different in every country - In general, is it fair to assume that laws in foreign countries are the same or different than the U.S? Arbitration - the use of a third party to settle a dispute ( not going to court). Litigation - legal proceedings conducted to determine and enforce particular contract rights -and this is expensive and lengthy Patent - An exclusive right granted for an invention - a product or process that provides a new way of doing something, o...