Textbook Notes (368,418)
Canada (161,876)
York University (12,845)
ADMS 3960 (12)

ADMS 3960 International Business Textbook Notes

84 Pages
Unlock Document

Administrative Studies
ADMS 3960
Jung- Chin Shen

-global superstar system, creating access to a greater supply of low-cost labour -in sports where stars earn more than other professionals in sports -profits have disproportionately gone to the top execs -the challenge is to maximize the gains from globalization while minimizing the costs by the losers Personal Stress -some are stressed from social status suffers, and those who fear the loss of their jobs Why Companies Engage in IB Expanding Sales -higher sales create value only if the costs of making the add’l sales don’t increase disproportionately -increased sales are a major motive for expanding into int’l markets Acquiring Resources -distributors seek out products from foreign countries because domestic supplies are inadequate -they look for anything that will create a competitive advantage, by improving the quality of their product of by differentiating it Reducing Risk -operating in countries with diff business cycles can minimize swings in sales -by obtaining products domestically and internationally,companies can soften the impact of price swings Modes of Operations in IB Merchandise Imports and Exports Merchandise imports- goods brought into a country Merchandise exports- tangible goods sent out of a country Service Imports and Exports Service import-recipient and payer of payment Service export- provider and receiver of payment -service exports take many forms: Tourism and Transportationairlines, shipping companies, travel agencies, hotels Service Performance performance of those services Turnkey operations- construction projects done under contract &transferred to owners when completed Management contracts- one company provides personnel to perform management fnctions for another Asset useLicensing agreements-when a company allows another to use its assets Royalties- earnings that are received Franchising- when one party allows another to use a trademark as an asset of the franchisee’s business Investments -dividends and interest paid represent the use of assets Direct InvestmentFDI- investor takes a controlling interest in a foreign company Joint venture- when 2+ companies share ownership of an FDI Portfolio InvestmentDef’n- financial interest in another entity -is either through stock in a company, or loans to a company in bonds, bills, or notes
More Less

Related notes for ADMS 3960

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.