Test Prep

Chapter 5: spheric dimensions of Management Reasons for engaging in worldwide business 1. mesh make water: Global trade deeds stretch knocked out(p) profit potential 2.Customers: Global operations furnish new grocerys to sell products 3.Suppliers: Global operations offer access to needed raw materials 4.Capital: Global operations offer access to financial resources 5.Labor: Global operations offer access to poorer labor costs e.g. Mexico-GM stick out for one week job. blueprints of International Business 1.Global Sourcing materials and service be purchased around the world for local use. 2.Exporting local products afield for change 3.Importing international products for sale in domestic marketing 4.Licensing agreement paying a fee for the right to make or sell other companys products. 5.Franchising licensee buys complete computer software program of support needed to open a position business 6.

conjugation Venture form joint self-command of business operation with local pardners of foreign countries Checklist for joint ventures require a furnish with your firms major business hire a abetter _or_ abettor with a robust local workforce drive a partner with future enlargement possibility Choose a partner with a strong local market for its own products Choose a partner with share interests in meeting customer needs Choose a partner with good profit potential Choose a partner in sound financial standing 7.Wholly have supplemental Form a local operation that is completely owned and controlled by a foreign film Ethical Issues for transnatio nal Operations 1.Corruption prohibited pr! actices to further ones business interest e.g. Bribes overweening commission to foreign officials 2.Sweatshops employ workers at very low wages ache hours, poor working conditions 3.Child labor fulltime traffic of children for work of adults 4.Respect for natural environment wherever the business operates- transfer high standards in dealing with pollution issues Chapter 6: cadaveric Business and...If you want to get a full essay, stand out it on our website: BestEssayCheap.com

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