BUS 1000 Chapter Notes - Chapter 3: Shendi, Import License, Absolute Advantage

• School: Baruch College
• Department: Business Administration and Policy
• Course: BUS 1000
• Professor: Barry Rosen

Document Summary

Understanding business chapter 3: doing business in global markets: the dynamic global market. It"s important for employees to have experience working in other countries. 1: nba plays several games in other countries. 3: exporting: selling products to another country, u. s. is the largest importing nation and third largest exporting action behind. International joint ventures and strategy alliances: joint venture: a partnership in which two or more companies (often from different countries) join to undertake a major project, disney and shanghai shendi group entered a joint ventured to buy. Disneyland in shanghai: shared technology and risk. In global markets, no central system of law exists, so different systems of laws and regulations may apply in different places: physical and environment forces, different electrical systems, lack of technology in certain countries. A: trade protectionism: the use of government regulations to limit the import of goods and services.