chap 4.1

24問 • 1年前

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Revolves around the trade agreements/treaties between countries that usually include elimination of trade barriers and aligning monetary and fiscal policies leading to a more interconnected global economy.

Economic integration

Trade barriers have been lowered or eliminated and trade promoted within common markets through ___.

Economic integration

Economic integration is consistent with this theory, which argues that the global economy is better off when markets can function in unison with minimal intervention from the government.

Free trade economic theory

It has seen the growth of subsidiaries in the international markets.

Free trade economic theory

a driving force for development.

Technological Advances

made consumers worldwide aware of products, services, and entertainment creating demand for such trade wares.

Technological Advances

New inventions lead to new machineries and processes.

Technological Advances

due to containerization and just-in-time (JIT) technology are creating more international business opportunities.

Efficient transportation

Lower costs and higher quality communication, like email and teleconferencing due to satellite technology, have increased business opportunities globally and internationally.

Efficient transportation

Efficient transportation due to ___ and just-in-time (JIT) technology are creating more international business opportunities.

containerization

Efficient transportation due to containerization and ___ technology are creating more international business opportunities.

just-in-time (JIT)

International business and trade stimulates long-term ____ through multiple channels.

World economic growth

It is evident that the most conducted trades in this area is associated with monetary and financial system and many banks and financial institutions do financing the exchange of good and services.

World economic growth

inevitable, as night follows day, and is the only way to economic revitalization for this country.

Transition to market economies

The ___ is facing a choice of which path to follow to promote economic development.

Soviet Union

The Union of Soviet Socialist Republics, commonly known as the ___ or Russia was a transcontinental country that spanned much of Eurasia from 1922 to 1991.

Soviet Union

It was the largest country in the world by area, extending across eleven time zones and sharing land borders with twelve to fifteen countries (For the geography and history of the former Soviet Socialist republics, see the articles Moldova, Estonia, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Russia, Armenia, Azerbaijan, Georgia, and Ukraine.)

Soviet Union

____ has converted into a market economy creating important new markets and opportunities to transform inefficient government-owned local companies into successful international enterprises.

Eastern Bloc

___ dictate international business and trade participants on what to produce and sell in the international markets.

Converging consumer needs

Consumer nowadays are more well informed due to the technological advancement we have and have more demands and expectations.

Converging consumer needs

These demands are what companies going international are trying to address and satisfy.

Converging consumer needs

These demands are what companies going international are trying to address and satisfy.

Converging consumer needs

A useful scanning tool that identifies the relevant political, economic, sociocultural, technological, legal and environmental factors from the external environment that are to be dealt with by international marketers.

PESTLE Analysis

These factors can represent threats or opportunities as well as challenges.

PESTLE Analysis

exam

Lydster Joy Baquero Alonzo · 24問 · 1年前

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