Chapter 06 - The Political Economy of International Trade
The Political Economy of International Trade
1. (p. 206) A situation where a government does not attempt to restrict what its citizens can buy
from another country or what th
Chapter 03 - Differences in Culture
Differences in Culture
1. (p. 88) In today's world of global communications, rapid transportation and global markets,
cultural differences have ceased to exist.
2. (p. 88) Cultu
Chapter 04 - Ethics in International Business
Ethics in International Business
1. (p. 124) The term ethics refers to accepted principles of right or wrong that govern the conduct
of a person, the members of a profession or the actio
Chapter 17 - Global Marketing and R&D
Global Marketing and R&D
1. (p. 592) The set of choices the firm offers to its targeted markets is known as the marketing
2. (p. 592) The marketing mix is comprised of prod
Chapter 16 - Global Production, Outsourcing and Logistics
Global Production, Outsourcing and Logistics
1. (p. 564) Production denotes both service and manufacturing activities.
2. (p. 564-565) The activity that cont
Chapter 14 - Entry Strategy and Strategic Alliances
Entry Strategy and Strategic Alliances
1. (p. 488) The long-run benefits of doing business in a country are a function of factors such as
the size of the market, the present wealth
Chapter 18 - Global Human Resource Management
Global Human Resource Management
1. (p. 626) Equal employment legislation is strongly pursued in all countries.
2. (p. 627) Superior human resource management can be a
Latin for Business Students
The study of business requires reading academic research papers and books that routinely use Latin phrases and
abbreviations. This alphabetical list of colloquial translations, compiled by Daniel Austin, is a useful reference.
Chapter 12 - The Strategy of International Business
The Strategy of International Business
1. (p. 420) A firm's strategy can be defined as the actions that managers take to attain the goals
of the firm.
2. (p. 420)
Chapter 15 - Exporting, Importing and Countertrade
Exporting, Importing and Countertrade
1. (p. 540) As exporting has become easier, the volume of export activity in the world economy
has been rising.
2. (p. 540) La
Chapter 02 - National Differences in Political Economy
National Differences in Political Economy
1. (p. 42) A country's political economy and culture are independent of each other.
2. (p. 42) It is not possible to h
Chapter 05 - International Trade Theory
International Trade Theory
1. (p. 154) Countries such as the U.S should not participate in free trade because it leads to a
migration of jobs overseas and ultimately leads to lower living stan
Chapter 07 - Foreign Direct Investment
Foreign Direct Investment
1. (p. 242) A firm becomes a multinational enterprise when it undertakes foreign direct
2. (p. 242) Licensing involves the establishment o
Chapter 08 - Regional Economic Integration
Regional Economic Integration
1. (p. 276) Agreements among countries in a geographic region to reduce and ultimately remove,
tariff and nontariff barriers to the free flow of goods, service
Chapter 09 - The Foreign Exchange Market
The Foreign Exchange Market
1. (p. 324) The foreign exchange market is a market for converting the currency of one country
into that of another country.
2. (p. 324) Currency
Chapter 10 - The International Monetary System
The International Monetary System
1. (p. 354) The institutional arrangements that govern exchange rates are referred to as the
international monetary system.
2. (p. 354
Chapter 11 - The Global Capital Market
The Global Capital Market
1. (p. 388) The rapid globalization of capital markets enables individuals and institutions based
in one nation to invest in corporations based elsewhere with relative
Chapter 13 - The Organization of International Business
The Organization of International Business
1. (p. 450) As long as a firm's strategy is in line with the competitive environment, it is not
necessary for the strategy to be cons
Latin for Business Students II
e.g. and i.e.
Although commonly confused and misused in colloquial English, the Latin abbreviations
e.g. (exempli gratia) and i.e. (id est), are not equivalents:
Exempli gratia (e.g.) means "for example."
It is used be