Term
| child labor, what is it, where do you find it? |
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Definition
Labor of children below 16yrs old who are forced to work in production and usually are given little or no formal education.
-Most working children found in Asia, and highest proportion is found in Africa. |
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Term
| sociocultural forces, are they adjective or subjective? |
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Definition
screening of remaining candidates on basis of sociocultural factors.Data is difficult to assemble from a distance and the analyst must rely n other opinions.It is possible that recent immigrandts from foreign countries may be used to shed light on potential sociocultural issues. After fourth screening, the analyst should have a list of countries for which an idustry demand appears to exist.
-they are subjective |
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Term
| difference between: industrial, consumer, and services in products |
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Definition
products that can be sold unchanged worldwide
require greater modification to meet local market requirements than industrial products, some can be sold unchanged to certain market segments that have similar characteristics across countries the marketing of services is generally less complex globally than the marketing of consumer products. |
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Term
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Definition
| people coming to america from various different countries for better living and occupational opportunities |
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Term
market screening
2 types of screening: |
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Definition
Version of environmental scanning in which the firm identifies desirable markets by using the envirnmental forces to eliminate the less desirable markets
Country screening: Using countries as the basis for market selection
Segment screening:Using market segments as the basis for market selection |
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Term
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Definition
| Based on the basic need potential is a logical first step, because if the need is lacking, no reasonable expenditure of effort and money wil enable the firm to market its goods or services |
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Term
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Definition
| after initial screening, the analyst will have a smaller list of prospects. The list may be further reduced by a second screening based on the financial and economic forces. |
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Term
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Definition
| procedure in which a firm scans the world for changes in the environmental forces that might affect it |
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Term
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Definition
| economic data that serve as yardsticks for measuring the relative market strengths of various geographic areas. |
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Term
| important country risk assessment |
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Definition
| an evaluation, conducted by a bank or business having an asset in or payable from a foreign country or considering a loan or an investment there, that assesses the country's economic situation and policies and its politics to determine how much risk exists of losing the asset or not being paid |
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Term
short answer:
labor union activities(4) |
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Definition
Labor unions vary from country to country and they tend to be more effective in developed countries, but even comparing Europe, the US, and Japan, its apparent that labor unions serve different purposes and infuence employee matters differently
3.coordinate w those unions' policies and tactics in dealing w some companies
4. encourage international companies codes of conduct |
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Term
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Definition
| Unlawful acts of violence committed for a wide variety of reasons, including for ransom, to overthrow a gov't, to gain release of imprisoned colleagues, to exact revenge for real or imagined wrongs, and to punish nonbelievers of the terrorists' religion |
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Term
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Definition
| the loss by a country of its most intelligent and best-education people |
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Term
short answer:
reverse brain drain |
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Definition
| a trend related to the growth of outsourcing and a willingness of the federal government to allow "controversial" scientists to move to other countries |
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Term
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Definition
-Government should own all the major factors of production
-Labor unions are government-controlled
-This ideology persists in few countries |
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Term
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Definition
| An economic system in which the means of production and distribution are for the most part privately owned and operated for private profit |
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Term
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Definition
In an extreme form socialist governments can control public utilities and some basic means of production
Socialist governments rarely perform in ways consistent with a “pure” doctrine
Many European countries including Great Britain, France, Spain, Greece, Germany, Italy, Austria, and others have practiced a form of socialism |
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Term
| Privatization vs nationalization |
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Definition
privatization- the transfer of public sector assests to the private sector, the transfer of management of state activities through contracts and leases, and the contracting out of activities previously conducted by the state
nationalization- is the process of taking an industry or assets into government ownership by a national government or state |
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Term
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Definition
| selling a product abroad for less than the cost of production, the price in the home market, or the price to third countries |
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Term
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Definition
| unfair competition caused by firms, usually from developing nations with lower labor costs and poorer working conditions, which undermines social support systems, including worker benefits |
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Term
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Definition
| unfair competition caused by a country's lax environmental standards |
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Term
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Definition
| taxes on imported goods for the purpose of raising their price to reduce competition for local producers or stimulate local production |
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Term
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Definition
| all forms of discrimination against imports other than import duties |
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Term
| High and low countries in the international migrant chart |
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Definition
high- US, Russia, Germany
low- Italy, Switzerland, United Arab Emirates |
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Term
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Definition
organizations of workers
US, Japan, and Europe all have different ways to influence their workers in the labor union |
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Term
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Definition
| the pool of available potential employees with the necessary skills within commuting distance from an employer |
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Term
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Definition
| the movement of people from country to country or area to area to get jobs |
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Term
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Definition
| the skills, education, and attitudes of available employees |
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Term
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Definition
| the number of available employees with the skills required to meet an employer's business needs |
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Term
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Definition
| economic data used to measure relative market strengths of countries or geographic areas |
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Term
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Definition
| economic data that correlate highly with market demand for a product |
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Term
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Definition
To develop marketing strategies the international marketing manager assesses the firm’s foreign markets and analyzes the many alternative marketing mixes
Plans and controls a variety of marketing strategies rather than a single unified and standardized one
Coordinates and integrates multiple strategies into a single marketing program |
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Term
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Definition
| Paid, non-personal presentation of ideas, goods, or services by an identified sponsor |
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Term
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Definition
overall size of workforce- growing and becoming younger
aging of populations- developed countries have as much as one half the population 65 years and over |
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Term
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Definition
| people who go to a foreign country legally to perform certain types of jobs |
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Term
| non equity modes of entry |
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Definition
indirect exporting- the exporting of goods and services through various types of home-based exporters
direct exporting- the exporting of goods and services by the firm that produces them
licensing- a contractual arrangement in which one firm grants access to it patents, trade secrets, or technology to another for a fee
franchising- a form of licensing in which one firm contracts with another to operate a certain type of business under an established name according to specific rules
management contract- an arrangement by which one firm provides management in all or specific areas to another firm
contract manufacturing- an arrangement in which one firm contracts with another to produce products to its specifications but assumes responsibility for marketing |
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Term
| equity based modes of entry |
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Definition
wholly owned subsidiary-
joint venture- a cooperative effort among two or more organizations that share a common interest in a business enterprise or undertaking
strategic alliances- partnerships between competitors, customers, or suppliers that may take one or more of various forms, both equity and non equity |
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