Summary International Management - lectures, book & theories Questions and Answers 2023

Globalization: - -Process by which national economies are increasingly woven together worldwide -Culture - -Collective mental programming that distinguishes one group of people from another -Multinational enterprises - -Large, well developed international firms operating in a variety of overseas locations -Transnational firms - -Multinationals that evolved to the point where organizational diversity is a core value -Tariffs - -A government imposed tax on Imports ----- Fees paid by an exporter to the county of import that increase the price of a foreign product or service relative to the domestic counterpart -Export Controls - -Restrictions imposed by governments on what can be exported from a country -Sanctions - -sets of specific restraints imposed by governments on international trade -Diversion - -Using an export license to provide materials to a third party not included on the license -Embargos - -Government-imposed unilateral prohibition of trade with another country -Boycotts - -Collaborative effort among countries to prohibit international trade with another nation