PSYC 290 Study Guide - Comprehensive Final Exam Guide - International Law, International, Federal Government Of The United States
20 Nov 2018
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Unit 1 macro-level influences on international business: define international business and discuss its scope. (textbook, p. 4, lesson note 1) International business: any commercial transaction that crosses the borders of two or more nations. Evidence of international business is everywhere international franchises, imports from all over the world clothes, electronics, food, and even services (call centers, support services located in a foreign country): define the term globalization. (textbook, p. 6) Globalization: the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies. The effect is an increasingly freer flow of goods, services, money, people, and ideas across national borders: describe the process of globalization and how it affects markets and production. (textbook pp. Globalization of markets refers to convergence in buyer preferences in markets around the world. The effects of globalization include: reducing market costs, creating new market opportunities, adaptable to local needs.
