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Cob 300 Management Ch 8 Questions and Answers 100% Pass $11.49
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Cob 300 Management Ch 8 Questions and Answers 100% Pass
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Cob 300 Management Ch 8 Questions and Answers 100% Pass Global Business - the buying and selling of goods and services by people from different countries Pro Factors of Global Business - Low prices for good and services Economic growth stimulation Increase in consumer income Creates jobs Cou...

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  • January 8, 2025
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • cob 300 management ch 8 questions and answers 100

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Cob 300 Management Ch 8
Questions and Answers 100% Pass

Global Business - ✔✔the buying and selling of goods and services by people from different countries


Pro Factors of Global Business - ✔✔Low prices for good and services


Economic growth stimulation


Increase in consumer income


Creates jobs


Countries specialize in production of goods and services that are produced most efficiently


Disadvantages of Global Business - ✔✔Destroys manufacturing jobs in wealthy, advanced countries


Wage rates of unskilled workers in advanced countries decline


Companies move to countries with fewer labor and environment regulations


Loss of sovereignty


Exploitation


Multinational Corporations - ✔✔a corporation that owns businesses in two or more countries


Direct Foreign Investment - ✔✔occurs when a company builds a new business or buys an existing

business in a foreign country (or buys +10% of shares)




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Emily Charlene
Lead Athor

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Global Consistency - ✔✔when a multinational company has offices/plans in different countries and uses

the same rules, guidelines, policies, and procedures (if companies lean too much toward this, they run the

risk of using management procedures poorly suited to particular countries markets, cultures, and

employees (i.e. lack of local adaption))


Local Adaption - ✔✔when a multinational company modifies its rules, guidelines, polices, and

procedures to adapt to differences in customers, government, and regulatory agencies


Ex: a mix of consistency and adaption (American idol in Dutch is called pop idol superstar)


Exporting - ✔✔selling domestically produced products to customers in foreign countries


Exporting Advantages - ✔✔Less dependence on home market sales


Greater degree of control over research, design, and production decisions


Exporting Disadvantages - ✔✔Many exports are subject to tariff and nontariff barriers


Transportation costs can increase price


Companies may depend on foreign importers for production distribution


Cooperative Contract - ✔✔an agreement in which a foreign business owner pays a company a fee for the

right to conduct that business in his or her country (2 kinds: Licensing and Franchising)


Licensing - ✔✔a domestic company receives royalty payments for allowing another company to produce

its product, sell a service, or use its brand name in a specified foreign market


Licensing Advantages - ✔✔Allows companies to earn profits without investing more money


The licensor invests in production, equipment, and facilities




X
Emily Charlene
Lead Athor

©All Rights Reserved, 2025

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