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GEO 330-Week 1

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by: jenlee

GEO 330-Week 1 GEO 330

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About this Document

Week 1 of GEO330 Notes
Dynamics Of Internat Bus
Scott Ptak
Class Notes
International Business, geography




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1 review
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"I love that I can count on (Jennifer for top notch notes! Especially around test time..."
Shanon Spinka

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This 1 page Class Notes was uploaded by jenlee on Monday February 1, 2016. The Class Notes belongs to GEO 330 at University at Buffalo taught by Scott Ptak in Spring 2016. Since its upload, it has received 67 views. For similar materials see Dynamics Of Internat Bus in Geography at University at Buffalo.


Reviews for GEO 330-Week 1

Star Star Star Star Star

I love that I can count on (Jennifer for top notch notes! Especially around test time...

-Shanon Spinka


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Date Created: 02/01/16
January 28-GEO 330 Geography: To “write” about the Earth 1. Political: Goods across national borders; tariffs (goods coming from another country) and other issues 2. Cultural: Goods and services from one country that may have a culture difference from the country it is sold 3. Legal: e.g. Enforcement of contracts in domestic versus international setting 4. Monetary: Because countries use different currencies, businesses need to be concerned about changes to the value of the currencies. E.g. Currencies in China are different compared to currencies in the U.S. Article: “Google seeks help defining ‘Right to be Forgotten’  Google says decisions to remove/deny are easy, but are they really? So many gray areas that get in the way  An U.S. citizen may not have the same right as a European as this case is held in Europe. However, if you were born anywhere in Europe and considered European, you may have the right to run for office say in Germany or Russia.  European Court of Justice (makes laws for all European citizens) Two Major Business Implications of Globalization 1. Globalization of Markets A. Boost Sales Volume  Associated with new markets that are not well known in a foreign country.  “First Mover Advantage”: If your company is first to enter a nation, it will be more difficult for other nations to compete. B. (Internal) Economies of Scale: Cost of a product will fall, thus, increasing profit if company buys more. e.g. lemonade stand versus different lemonade stores across the U.S. B. Levels Income Stream: A shift in natural economies (economy where money is either scarce or gone) e.g. Changes in exchange rates; some nations do better than others. 2. Globalization of Production A. Lower cost labors B. Technical Expertise C. Production


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