MGMT 1 Chapter Notes - Chapter 3: Foreign Direct Investment, Joint Venture, Strategic Alliance
10 Feb 2016
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Balance of trade the total value of a nation"s exports compared to. Trade surplus a favorable balance of trade; occurs when the value. Absolute advantage the advantage that exists when a country has. Free trade the movement of goods and services among nations (cid:1) (cid:1) (cid:1) without political or economic barriers. Dumping selling products in a foreign country at lower prices than. Licensing a global strategy in which a firm (the licensor) allows a. Joint venture a partnership in which two or more companies (often. Strategic alliance a long-term partnership between two or more. Trade deficit an unfavorable balance of trade; occurs when the. Balance of payments the difference between money coming into a. Foreign direct investment (fdi) the buying of permanent. Sovereign wealth funds (swfs) investment funds controlled by. Exchange rate the value of one nation"s currency relative to the. Devaluation lowering the value of a nation"s currency relative to.
