International Business

1097 WordsMay 24, 20055 Pages
The American College Chapter 5 Question No 1: Describe the four basic levels of international business activity.Do you think any organization will achieve the fourth level?Why or why not. Question No 2: For each of the four globalization strategies, describe the risks associated with that strategy and the potential returns from that strategy. __________________________________ Answer for question No 1: The four general levels of international business activity are: 1. Domestic business 2. International business 3. Multinational business 4. Global business. Domestic Business: Is the one that acquires all of its resources and sells all of its products ot services within a single country.(8/143) Interational…show more content…
Nationalized: Taken over by the government. Tariff: A tax collected on goods shipped across national boundaries. Quota: A limit on the number or value of goods that can be traded. Export restraint agreements: Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or import from one another. Economic community: A set of countries that agree to markedly reduce or eliminate trade barriers among member nations ( a formalized market system). Social orientation: A person's beliefs about the relative importance of the individual versus groups to which that person belongs. Power orientation: The beliefs that people in a culture hold about the appropriateness of power and authority differences in hierarchical such as business organizations. Uncertainty orientation: The feeling individuals have regarding uncertain and ambiguous situations Goal orientation: The manner in which people are motivated to work toward different kinds of goals. Time orientation: The extent to which members of a culture adopt a long-term versus a short-term outlook on work, life, and other elements of society. Bibliography Griffin 8th edition Management Ricky W. Griffin Texas A&M University Houghton Mifflin Company Boston New
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