Ch 1 - Overview of International Business (2) - CHAPTER 1...

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CHAPTER 1OVERVIEW OF INTERNATIONAL BUSINESSBusiness of the Olympics:Intense reflection of international businessGovernment of games by IOCCompetition for hostingRevenue sources for the OlympicsoBroadcast rightsoCorporate sponsorshipsWhat is International Business?Business transactions between parties from more than one countryParties may includePrivate individualsoIndividual companiesoGroups of companiesoGovernmental agenciesInternational vs Domestic Business?oCurrency conversionoLegal systemsoCultureoAvailability of resourcesWhy Study International Business?oLarge organizations oForeign-owned subsidiariesoSmall businessesoCompetitorsoBusiness techniques and toolsoCultural literacyInternational Business Activities:oExporting and ImportingoInternational InvestmentsoLicensing: firm in one country licenses the use of its intellectual property to a firm in a second country in return for a royalty paymento

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Term
Spring
Professor
Gauvin
Tags
International Economics, International Trade, Globalization, Corporation, INTERNATIONAL BUSINESS Business

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