213 terms
Global Industries and Companies (MNCs)
When a multinational company sets the price for sales between its own subsidiaries in different countries — often to mov
Global Business
Global Industries and Companies (MNCs)
The practice of treating workers unfairly or unethically — including paying very low wages, enforcing excessive working
Global Business
Global Industries and Companies (MNCs)
The application of ethical standards throughout the entire supply chain — from raw material extraction to final product
Global Business
Global Industries and Companies (MNCs)
Money paid by businesses and individuals to governments through various taxes (corporation tax, income tax, VAT, etc.),
Global Business
Global Industries and Companies (MNCs)
The management and disposal of by-products, damaged goods, and obsolete materials generated by business activities, in a
Global Business
Global Industries and Companies (MNCs)
An organised group of people that campaigns to influence business behaviour, government policy, or public opinion on a p
Global Business
Global Industries and Companies (MNCs)
The process by which an MNC spreads its management practices, values, and working culture from its home country to its i
Global Business
Global Industries and Companies (MNCs)
Information required or chosen to be displayed on a product's packaging, including ingredients, country of origin, nutri
Global Business
Global Marketing
A global marketing strategy in which the home country's marketing approach is applied uniformly in all international mar
Global Business
Global Marketing
A global marketing strategy that treats the world as a single market, developing standardised products and marketing tha
Global Business
Global Marketing
A global marketing strategy that adapts products, pricing, promotion, and distribution significantly to each local marke
Global Business
Global Marketing
A small but globally distributed segment of consumers with very specific needs that can be served profitably across mult
Global Business
Global Marketing
Problems arising when marketing materials, product names, slogans, or instructions are translated into another language
Global Business
Global Markets and Business Expansion
A domestic market condition that motivates a business to expand internationally by making continued domestic operation l
Global Business
Global Markets and Business Expansion
An attractive condition in a foreign market that draws a business toward international expansion.
Global Business
Global Markets and Business Expansion
A market in which demand has been largely met and there is little room for further growth, typically characterised by in
Global Business
Global Markets and Business Expansion
Relocating business functions or production to another country to take advantage of lower costs, favourable regulations,
Global Business
Global Markets and Business Expansion
The amount of money households have available to spend or save after direct taxes (income tax and National Insurance) ha
Global Business
Global Markets and Business Expansion
The degree to which a country's government and political institutions are reliable, predictable, and free from sudden up
Global Business
Global Markets and Business Expansion
A situation where the supply of workers with specific skills falls short of the demand from employers, driving up wages
Global Business
Globalisation
(Association of Southeast Asian Nations).
Global Business
Globalisation
Account recording all economic transactions between country and rest of world.
Global Business
Globalisation
Obstacles reducing international trade: tariffs (taxes), quotas (quantity limits), regulations, local content requiremen
Global Business
Globalisation
Economic fluctuations affecting multiple countries.
Global Business
Globalisation
Movement of investment money between countries.
Global Business
Globalisation
Employment of children under legal working age in unacceptable conditions.
Global Business
Globalisation
Historical period of colonization; establishing control over territories.
Global Business
Globalisation
Economic principle that countries benefit from specializing in products with lowest opportunity cost.
Global Business
Globalisation
Ability to compete in global markets.
Global Business
Globalisation
Customers in markets worldwide; increasingly interconnected through: travel, internet, media, global brands.
Global Business
Globalisation
External environment affecting global business.
Global Business
Globalisation
Tendency of consumer preferences becoming similar globally.
Global Business
Globalisation
Competing through lower costs than competitors.
Global Business
Globalisation
Specialized skill developed through training and experience.
Global Business
Globalisation
Buying/selling across country borders.
Global Business
Globalisation
Modifying business approach to align with local culture.
Global Business
Globalisation
Variations in values, behaviors, communication styles between cultures.
Global Business
Globalisation
Existence of multiple cultures within organization/market.
Global Business
Globalisation
Medium of exchange; money of country.
Global Business
Globalisation
Uncertainty from exchange rate fluctuations.
Global Business
Globalisation
What customers want globally; varying by country/culture.
Global Business
Globalisation
Reduction in shock transmission between countries.
Global Business
Globalisation
Risk of debtor inability to repay debt.
Global Business
Globalisation
Economy heavily reliant on specific products/markets/countries.
Global Business
Globalisation
Markets trading financial instruments (futures, options, swaps) derived from underlying assets.
Global Business
Globalisation
Country with lower income, less industrialized, often lower HDI.
Global Business
Globalisation
Process of economic, social, technological progress.
Global Business
Globalisation
(HDI).
Global Business
Globalisation
Making product unique in global markets.
Global Business
Globalisation
Toward what global markets business aims.
Global Business
Globalisation
Reduction in international trade/integration.
Global Business
Globalisation
Getting products to customers across countries.
Global Business
Globalisation
Difference/separation increasing over time.
Global Business
Globalisation
Home country market where business primarily operates.
Global Business
Globalisation
Selling products at prices below domestic prices in foreign markets.
Global Business
Globalisation
Process of countries becoming economically linked through: trade agreements, shared markets, monetary union.
Global Business
Globalisation
Countries' economies mutually dependent on each other.
Global Business
Globalisation
Cost advantages from large-scale production/operations globally.
Global Business
Globalisation
Achieving objectives; doing right things.
Global Business
Globalisation
Country moving from developing toward developed status.
Global Business
Globalisation
Discharge of substances into environment; typically refers to greenhouse gases.
Global Business
Globalisation
Jobs worldwide; increasingly mobile with globalization.
Global Business
Globalisation
Using famous person to promote product/brand.
Global Business
Globalisation
Method of entering foreign market.
Global Business
Globalisation
External element affecting environment: climate, resources, pollution, sustainability.
Global Business
Globalisation
Moral principles guiding global business conduct.
Global Business
Globalisation
(European Union).
Global Business
Globalisation
Profit/loss from currency exchange rate changes.
Global Business
Globalisation
Preventing market access; trade barrier effect.
Global Business
Globalisation
Selling goods/services to foreign countries.
Global Business
Globalisation
Business selling goods/services to foreign markets.
Global Business
Globalisation
External cost/benefit not reflected in market price.
Global Business
Globalisation
Trade practice ensuring fair prices, conditions for producers (especially in developing countries).
Global Business
Globalisation
Showing preference/bias for certain parties.
Global Business
Globalisation
(Foreign Direct Investment).
Global Business
Globalisation
Rapid spread of financial crisis from one country/market to others.
Global Business
Globalisation
Worldwide system trading financial instruments: stocks, bonds, currencies, derivatives.
Global Business
Globalisation
Banking, investment, insurance, payment services.
Global Business
Globalisation
Movement of investment money; direction and quantity.
Global Business
Globalisation
Direction and quantity of goods/services traded between countries.
Global Business
Globalisation
Currency/assets held by central bank for: paying international debts, stabilizing currency, intervention capacity.
Global Business
Globalisation
Business model where franchisor licenses business to franchisee in foreign country.
Global Business
Globalisation
International trade without barriers (tariffs, quotas, restrictions).
Global Business
Globalisation
(Free Trade Zone).
Global Business
Globalisation
Complete merging of operations/systems.
Global Business
Globalisation
(Gross Domestic Product).
Global Business
Globalisation
GDP divided by population; average income per person.
Global Business
Globalisation
Politics influenced by geography; competition for resources and power.
Global Business
Globalisation
Brand recognized/valued worldwide.
Global Business
Globalisation
Business operating in multiple countries; international scope.
Global Business
Globalisation
Competition at worldwide level.
Global Business
Globalisation
Financial management at global level.
Global Business
Globalisation
Worldwide customer base for products/services.
Global Business
Globalisation
Plan for marketing products/services globally.
Global Business
Globalisation
Perspective valuing global understanding, diversity, complexity.
Global Business
Globalisation
Network of suppliers, manufacturers, distributors spanning multiple countries.
Global Business
Globalisation
Process of increasing worldwide integration: trade, investment, communication, culture, technology.
Global Business
Globalisation
Financial/non-financial support from government attracting business.
Global Business
Globalisation
Total income earned by country residents/companies; includes income earned abroad.
Global Business
Globalisation
Increase in economic output; real GDP growth.
Global Business
Globalisation
Expansion of market size; increasing total sales.
Global Business
Globalisation
Future opportunity for market/business expansion.
Global Business
Globalisation
Percentage increase in economic/market measure over period.
Global Business
Globalisation
Foreign nationals working temporarily in another country.
Global Business
Globalisation
(Human Development Index - already covered).
Global Business
Globalisation
Strategy reducing financial risk.
Global Business
Globalisation
Reporting structure across multiple countries; global organization design.
Global Business
Globalisation
Country where foreign business operates.
Global Business
Globalisation
Progress in human wellbeing; life expectancy, education, income.
Global Business
Globalisation
Technology enabling global communication, data processing, business operations.
Global Business
Globalisation
Buying goods/services from foreign countries.
Global Business
Globalisation
Business purchasing goods/services from foreign suppliers.
Global Business
Globalisation
Money earned by individuals/organizations/countries.
Global Business
Globalisation
How income is divided among population.
Global Business
Globalisation
Amount of money earned by individual/family/country.
Global Business
Globalisation
Motivation/reward encouraging specific behavior/outcome.
Global Business
Globalisation
Legal process establishing company as separate legal entity.
Global Business
Globalisation
Country's ability to function economically without dependence on others.
Global Business
Globalisation
Measure tracking economic variable over time.
Global Business
Globalisation
Automatic adjustment of value based on index (e.g., wage indexation to inflation).
Global Business
Globalisation
Risk suggested/shown by analysis/information.
Global Business
Globalisation
Tax paid indirectly through intermediary; typically on products.
Global Business
Globalisation
Group of businesses producing similar products/services.
Global Business
Globalisation
Unequal distribution of resources, income, opportunity.
Global Business
Globalisation
Worldwide general price increase.
Global Business
Globalisation
Basic physical systems: roads, electricity, water, communications, ports.
Global Business
Globalisation
Risk existing in situation before controls/mitigation.
Global Business
Globalisation
Resource/material entering production process.
Global Business
Globalisation
Countries' economies mutually dependent.
Global Business
Globalisation
Borrowing cost influenced by: central bank policy, risk, inflation expectations.
Global Business
Globalisation
Organization between producer and consumer.
Global Business
Globalisation
Between or among nations; across borders.
Global Business
Globalisation
Global communication network enabling worldwide connectivity.
Global Business
Globalisation
Government action affecting economy: regulation, taxation, spending, subsidies.
Global Business
Globalisation
Buying assets in foreign country.
Global Business
Globalisation
Profit/gain from investment.
Global Business
Globalisation
Specialized language/terminology used in business.
Global Business
Globalisation
Employment opportunity generation.
Global Business
Globalisation
Major customer providing significant revenue.
Global Business
Globalisation
Economy based on knowledge/information rather than manufacturing.
Global Business
Globalisation
Sharing knowledge from one entity/country to another.
Global Business
Globalisation
Expense of employing workers; wages, benefits, training, administration.
Global Business
Globalisation
Total employed/unemployed people available for work.
Global Business
Globalisation
Movement of workers between countries seeking employment.
Global Business
Globalisation
Rules/norms for working conditions: wages, hours, safety, rights.
Global Business
Globalisation
Minimal government intervention in economy.
Global Business
Globalisation
Communication difficulty from using different languages.
Global Business
Globalisation
Manufacturing at high volume; mass production.
Global Business
Globalisation
Benefit of entering market late after pioneers.
Global Business
Globalisation
Legal rules governing business: company law, employment law, contract law, consumer protection, competition law.
Global Business
Globalisation
Temporary or permanent employee separation from employment.
Global Business
Globalisation
Forefront of innovation/technology; most advanced.
Global Business
Globalisation
Efficiency improvement as people gain experience doing task.
Global Business
Globalisation
Framework of laws, courts, enforcement governing society/business.
Global Business
Globalisation
Granting right to use intellectual property/brand/technology.
Global Business
Globalisation
Availability of cash/liquid assets; ability to meet obligations.
Global Business
Globalisation
Ability to read and write.
Global Business
Globalisation
Legal dispute resolution through court process.
Global Business
Globalisation
Advocating interests to policymakers.
Global Business
Globalisation
Company primarily serving local market; limited geographic scope.
Global Business
Globalisation
Regulation requiring business to source specific percentage locally.
Global Business
Globalisation
Economic activity in specific geographic area (city, region, country).
Global Business
Globalisation
Adapting product/service for local market.
Global Business
Globalisation
Graphic symbol/design representing brand.
Global Business
Globalisation
Extended time period; typically years (3+ years).
Global Business
Globalisation
Product imitating established brand without being identical.
Global Business
Globalisation
Product sold at loss to attract customers/drive traffic.
Global Business
Globalisation
Operating with minimum costs; competing on price.
Global Business
Globalisation
Repeat purchase/support; customer returning to business.
Global Business
Globalisation
High-end products/services targeting affluent customers.
Global Business
Globalisation
(Mergers and Acquisitions).
Global Business
Globalisation
Equipment used in production.
Global Business
Globalisation
Large-scale economic factors affecting overall economy.
Global Business
Globalisation
Difference between selling price and cost; profit.
Global Business
Globalisation
Ability to enter/operate in market.
Global Business
Globalisation
Economy where price/supply-demand determine allocation.
Global Business
Globalisation
Entering new geographic/product market.
Global Business
Globalisation
Market inefficiency; not producing socially optimal outcome.
Global Business
Globalisation
Investigating market/customers to inform decisions.
Global Business
Globalisation
Characteristics of market affecting competition.
Global Business
Globalisation
Four elements of marketing strategy (4Ps):.
Global Business
Globalisation
Location/platform where buying/selling occurs.
Global Business
Globalisation
Amount added to cost to determine selling price.
Global Business
Globalisation
Umbrella brand covering multiple products/lines.
Global Business
Globalisation
Tangible substance used in production.
Global Business
Globalisation
Market at peak/declining phase; established, limited growth.
Global Business
Globalisation
Quantifying variables for analysis/evaluation.
Global Business
Globalisation
Channels for communication/marketing: TV, radio, print, digital, social.
Global Business
Globalisation
Measurable standard for evaluation.
Global Business
Globalisation
Country in North America; significant trading relationship with US/Canada (NAFTA/USMCA).
Global Business
Globalisation
Small-scale economic factors affecting individual/firm.
Global Business
Globalisation
Income level between low and high income countries.
Global Business
Globalisation
Movement of people from one place/country to another for residence/work.
Global Business
Globalisation
Armed forces; government military presence.
Global Business
Globalisation
Simplest version of product with essential features enabling customer feedback.
Global Business
Globalisation
Lowest legally allowed wage employers pay workers.
Global Business
Globalisation
(Multinational Corporation).
Global Business
Globalisation
Ability of workers to move between jobs/locations.
Global Business
Globalisation
Simplified representation of real situation.
Global Business
Globalisation
Updating/improving to current standards/technology.
Global Business
Globalisation
Medium of exchange; currency for transactions.
Global Business
Globalisation
Ability to control price due to lack of competition.
Global Business
Globalisation
Right vs. wrong; ethical standards.
Global Business
Globalisation
Long-term loan for property purchase, secured by property.
Global Business
Globalisation
Trade status granting best treatment offered to any country.
Global Business
Globalisation
Factor encouraging action/performance.
Global Business
Globalisation
Flow of investment money between countries/markets.
Global Business
Globalisation
Operating across multiple nations.
Global Business
Globalisation
(already covered).
Global Business
Globalisation
North American Free Trade Agreement — a trade agreement between the USA, Canada, and Mexico (now replaced by USMCA in 20
Global Business
Globalisation
A company that operates in multiple countries but does not identify with a single home country — managing its operations
Global Business
Globalisation
The removal or reduction of trade barriers (tariffs, quotas, regulations) between countries to facilitate freer internat
Global Business
Globalisation
Fundamental shifts in the composition of an economy, such as the decline of manufacturing and rise of services, often dr
Global Business