Globalization - Answers✔Process of broadening interdependent relationships among people who
are divided among people who are divided into national boarders
international business - Answers✔commercial transactions between 2+ countries
forces behind globalization - Answers✔1. technology
2. trade
3. services that support intern. business
4. consumer pressure
5. global competition
6. changing political situations and gov policies
7. expanded cross-national cooperation
negative effects of globalization - Answers✔1. threats to national sovereignty
2. small countries feel threatened
3. cultural homogenity threatens uniqueness
193 - Answers✔how many countries in the world
portfolio investment - Answers✔non-controlling investment of stocks and loans
constortium - Answers✔2+ people investing in a business
direct exports - Answers✔shipping directly to customers from home market. costs = low, easy to
initiate, no shared ownership,
high shipping cost, no local adaption
exporting via a local distributer - Answers✔entering an agreement for a local distributor to sell
goods produced in home market in a new market,
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