| 5.1 | 5.2 | 5.3 | 5.4 |
|---|---|---|---|
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True
True or False, a franchise is a business that authorizes a group or individual to sell its goods services
|
(b) 50%
How much of the world trade do the largest 500 enterprises account for?
(a) 15% (b) 50% (c) 65% (d) 80% |
Bilateral trade is between 2 countries whereas multilateral is between more than 2 countries
What is the difference between bilateral and multilateral trade?
|
World Trade Organization
What does the WTO stand for?
|
|
When 2 or more firms cooperate to co-develop, co-produce or co-market their products
What is a strategic alliance?
|
the growth and spread of international economies and business around the world
What is globalization?
|
A trading bloc is which countries agree to support mutual economic growth by opening their markets to trade and business development
For example: NAFTA, EU, APEC
What is a trading bloc? Give example of three
|
World Bank Group
Who is the world's largest source of development assistance?
|
|
export or import from other countries, franchising, subsidiary, purchasing in foreign markets for materials in manufacturing, joint venture, strategic alliance
Name 3 strategies toward global positioning
|
(1) ethnocentric
(2) polycentric (3) geocentricopean Union, and Japan
What are the 3 ways of operating a multinational company (MNC)?
|
increase trade, reduce prices and costs, and meet the challenges of global competition
What is the purpose of NAFTA?
|
open international trade and investment system and market economy
What does the International Chamber of Commerce (ICC) promote?
|
|
List one advantage and disadvantage of a global company
|
dominant world grouping
The 3 members are United States, European Union, and Japan
What is the "Triad"? Who are the members?
|
Greece
Who currently holds the presidency of the European Union?
|
formulate social, economic, trade, development, education and scientific policies
What is the purpose of the OECD?
|
|
Global: to create a “stateless” corporation that operates relatively freely across international borders
International:to bring the bulk of profits back to the corporate headquarters
Compare the goals of a global company and an international company
|
(1) separate international divisions
(2) functional divisions (3) product divisions (4) geographic divisions (5) matrix organizations
Describe 2 out of the 4 global organizational structure
|
(1) access to 380 million consumers
(2) manufacturers have uniform standards for technical product (3) If there is a strong economy and trade, it will act as a strong team member to encourage and boost a weaker member
What are the 3 advantages for European Union members?
|
How has the WTO contributed positively to globalization? List at least 3 ways
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