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Topic 1 (Chapter 4) Understanding the Global Context of Business - Coggle…
Topic 1 (Chapter 4) Understanding the Global Context of Business
Definitions:
Import
Export
Globalization
Balance of Trade
Trade Deficit
Trade Surplus
Balance of Payments
Exchange Rate
Protectionism
3 major marketplaces
Trade Agreements and Alliances
Goals of the WTO
Forms of Competitive Advantage
factors affecting the decision to go international
Levels of International Involvement
Barriers to International Trade
Geert Hofstede’s Five Dimensions of National Culture
Barriers to International Trade
Legal and Political Differences