ADMN 417 Study Guide - Comprehensive Final Exam Guide - Canada, International, Free Trade
20 Nov 2018
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Unit 1 macro-level influences on international business. Firms engage in international business for a variety of economic and non-economic reasons: expansion of sales, acquisition of resources, diversification of customer base and suppliers, personal ambitions or philosophy of founder(s) successful business models. Identify five conditions that promote the internationalization of firms. Chapter 1: globalization: definition: the growing interdependence of countries and people and businesses around the global or trend toward greater economic, cultural, political, and technological interdependence among nations. International business (crosses 2 or more borders) involves us all, made in china clock, Reputational risk: ethical and lawful behavior from all employees: 1. globalization drivers: falling barriers. Identify the two forces causing globalization to increase. Gatt: general agreement on tariffs and trade, promoted free trade by reducing tariffs: early success tariffs down 35%, then problem with services left out and non-tariff barriers. Imf: international monetary fund; regulate fixed exchange rates. Wto: world trade organization, free flow trade, open new markets: 2.
