BUSI 3250 Exam 1
ternational business
business that is carried out across national borders
foreign business
the operations of a company outside its home or domestic market
international company (IC)
a company with operations in multiple nations
environment
all the forces influencing the life and development of the firm
external forces
uncontrollable forces that management has no direct control over
internal forces
controllable forces that management has some control over
domestic environment
all the uncontrollable forces originating in the home country that surround
and influence the life and development of the firm
foreign environment
, all the uncontrollable forces originating outside the home country that
surround and influence the firm; forces have different values and can be
difficult to assess
international environment
interactions between domestic and foreign environmental forces and
between the foreign environmental forces of two countries
self-reference criterion
some managers will ascribe to others their own preferences and reactions
multinational enterprise (MNE)
a company made up of entities in more than one nation, operating under a
decision-making system that allows a common strategy and coherent
policies
foreign direct investment (FDI)
direct investments in equipment, structures, and organizations in a foreign
country at a level sufficient to obtain significant management control; does
not include mere foreign investment in stock markets
exporting
the transportation of any domestic good or service to a destination outside
a country or region
importing
the transportation of any good or service into a country or region, from a
foreign origination point
ternational business
business that is carried out across national borders
foreign business
the operations of a company outside its home or domestic market
international company (IC)
a company with operations in multiple nations
environment
all the forces influencing the life and development of the firm
external forces
uncontrollable forces that management has no direct control over
internal forces
controllable forces that management has some control over
domestic environment
all the uncontrollable forces originating in the home country that surround
and influence the life and development of the firm
foreign environment
, all the uncontrollable forces originating outside the home country that
surround and influence the firm; forces have different values and can be
difficult to assess
international environment
interactions between domestic and foreign environmental forces and
between the foreign environmental forces of two countries
self-reference criterion
some managers will ascribe to others their own preferences and reactions
multinational enterprise (MNE)
a company made up of entities in more than one nation, operating under a
decision-making system that allows a common strategy and coherent
policies
foreign direct investment (FDI)
direct investments in equipment, structures, and organizations in a foreign
country at a level sufficient to obtain significant management control; does
not include mere foreign investment in stock markets
exporting
the transportation of any domestic good or service to a destination outside
a country or region
importing
the transportation of any good or service into a country or region, from a
foreign origination point
