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International Business Week 1

by: Anna Notetaker

International Business Week 1 MGMT 4710

Marketplace > Middle Tennessee State University > Management > MGMT 4710 > International Business Week 1
Anna Notetaker
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About this Document

Chapter 1 and Western Europe Study Sheet
International Business
Cheryl Ward
Class Notes




Popular in International Business

Popular in Management

This 3 page Class Notes was uploaded by Anna Notetaker on Thursday August 25, 2016. The Class Notes belongs to MGMT 4710 at Middle Tennessee State University taught by Cheryl Ward in Fall 2016. Since its upload, it has received 16 views. For similar materials see International Business in Management at Middle Tennessee State University.

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Date Created: 08/25/16
International Business  Week 1  International Business engages in international economic  activities or business abroad.   Global Business includes both international and domestic  business activities.  o 90% of the time, she will use these definitions  interchangeably.   Multinational Enterprise (MNE) is a firm that engages in foreign direct investments. o Any company that engages in International Business.   Foreign Direct Investment (FDI) is when a business invest,  controls, and manages value­added activities in other countries –  exports, distribution, building, manufacturing, etc.  Gross Domestic Product (GDP) is the total market value of all  final goods and services produced within a country in a given  period of time usually a calendar year. This can be contributions  from Residential Firms, Households, and Government.   Gross National Income (GNI) is the GDP plus income from  Nonresident Sources Abroad.  o Profit goes back to the country to be included in the  economy. An example of this could be how the United  States, especially in our area, has factories for Nissan. Each  time a vehicle is sold in the States, profit goes back to Japan.   Purchasing Power Party (PPP) are the adjustments made to the  GDP to reflect differences in the cost of living.  o House Hunter International is a great example because these  individuals often see that their standard of living is not the  same in other countries. For instance, we are used to having  large rooms and closets. In Europe, small bedrooms and  armoires are common.   Emerging Economies is known ad Developing Countries – Africa and Central Asia are homes to countries that are not fully  developed (pg. 14).  o BRIC – Brazil, Russia, India and China   Classroom Group Assignment: Made In …  o As groups, we had to go through our items and create a list of the different countries each item was from. This counted as  our class participation grade.   Triad – North America, Western Europe, and Japan CRITICAL*** Make sure you know the Western European Countries and are able to  put them on a map for Tuesday’s class.   I found this map online as well as this study quiz. I hope it helps!­western­quiz.php


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