FNCE-404 Study Guide - Midterm Guide: Product Differentiation, United States Dollar, Strategic Management
9 Aug 2016
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Chapter 1: multinational financial management: opportunities & challenges. Examine the requirements for the creation of value. Comparative advantage, and its requirements for the explanation and justification of international trade and commerce. Discover what is different about international financial management. Which market imperfections give rise to multinational enterprise. Consider how globalization process moves a business from domestic level to multinational. Examine possible causes to the limitations to globalizations. The creation of value requires combining three critical elements: 1) an open market place; 2) high- quality strategic management; 3) access to capital. Include for profit, non-profit firms, and ngos (non-governmental organization) Have operations in more than one country. Conduct business through branches, foreign subsidiaries, or joint ventures with host country firms. Reliance on emerging markets for cheaper labour, raw materials, and outsourced manufacturing, and as of lately, for markets for sales and profits.
