technologies like cloud computing and web conferencing make it possible to hire employees who live in other countries.

the act of choosing between manufacturing a product in house or purchasing it from an external supplier

involves a face-to-face interaction, methods of persuasion, and the use of tactics.

Economies of scale can be classified into two main types:

it refers to a legal entity that is formed between two or more parties to undertake an economic activity together.

developments such as 3D printing and robotics have transformed how companies around the world manufacture products.

It is caused by the effect of unexpected currency fluctuations on a company’s future cash flows and market value and is long-term in nature.

which involves the preparation and planning, is the most important step in negotiation.

refers to the coming together of two or more companies to form a new entity or one or more entities merging into other entity.

software can help companies strategically source their goods internationally for the best value and view real-time inventory reports.

arising from within the company;

relates to concessions, compromises, evaluating the agreement, and following-up.

These systems make it easier to handle transactions in different currencies

This exposure arises from the effect of currency fluctuations on a company’s consolidated financial statements

involves the marketing of goods and services outside the organization`s home country.

arising from extraneous factors such as industry size.

this software helps with tracking marketing analytics to understand customers’ impressions of products and services

is most commonly described as a partnership or a joint venture.

refer to processes in which one company buys the other company.

Businesses and customers around the world can now communicate easily regardless of location thanks to the use of technologies such as online chat

This arises from the effect that exchange rate fluctuations have on a company’s obligations to make or receive payments denominated in foreign currency

Four major location strategies for Global Production Networks