BUS 200 Lecture Notes - Lecture 5: Business Model Canvas, Cash Flow, Comparative Advantage

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Licensing: fee for access to protected intellectual property. Ex; media and entertainment (images, music, script) ; software. Renting/leasing/lending: fee for access to specific, often tangible product. Consumer is in possession of the product. Usage fee: fee for access of a service. Process by which the world economy is becoming a single interdependent system. Process of buying, selling and trade goods, services, capital, information and ideas across borders. Globalization and ib take place through the process of imports and exports. The difference in value between total exports and total imports. The nation imports more than it exports. Balance of payments the difference between the flow of money in and out of country. Balance of payments (bop): [cash flow in] minus [cash flow out] Bop deficit: cash flow out exceeds cash flow in. Bop surplus: cash flow in exceeds cash flow out. A monopoly that exist when a country is the only source or producer of a product.

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