Chapter 5.pdf - Friday 1:03 AM Chapter 5 forms of international business exporting importing making product in firm's domestic market and sell it in

Chapter 5.pdf - Friday 1:03 AM Chapter 5 forms of...

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Chapter 5 forms of international business exporting & importing: making product in firm's domestic market and sell it in other countries vs brining good service or capital into home country from abroad strategic alliances: cooperative arrangement between two or more firms for mutual gain direct investment: a firm headquartered in one country builds or purchases operating facilities or subsidiaries in a foreign country Licensing: arrangement whereby one company allows another company to use its brand, trademark, technology patent, copyright to other assets in exchange for a royalty based on sales joint ventures: partner share in ownership of an operation on an equity basis (a special kind of strategic alliances) Maquiladoras: light assembly plants build in northern Mexico close to the US broader that are given
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Unformatted text preview: special tax breaks by the Mexican government advantages& disadvantages of international business Market economy: economy based on the private ownership of business that allows market factors such as supply and demand to determine business strategy • North America, Europe, Pacific Asia • market economies: what are they & some examples General Agreement on Tariffs and Trade (GATT)- trade agreement intended to promote international trade by reducing trade barriers and making it easier for all nations to compete in international trade • Most-favored nation (MFN) principle: • World Tra de Organization (WTO) • Replaced GATT in 1995 • WTO/GATT: from notes Individual differences across cultures Friday, December 15, 2017 1:03 AM New Section 2 Page 1 New Section 2 Page 2...
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