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Chapter 3
Intro to business
5
Business
Undergraduate 1
02/06/2013

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Cards

Term
Problems created by differences between countries antitrust rules, labor laws, patents, copyrights, taxes, product liability and child labor laws relate to which forces in the global business environment?
Definition
legal and regulatory forces
Term
The ______  ______ is the value of one nations currency relative to the currencies of other countries.
Definition
exchange rate
Term
The definition of _____ states: lowering the value of a nations currency relative to other currencies.
Definition
devaluation
Term
Rank the strategies for reaching global markets by listing the highest risk and commitment on top
Definition

1. foreign direct investment

2. international joint venture

3. Contract manufacturing

4. franchising

5. exporting

6. licensing

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