Ims 3310 - Study guides, Class notes & Summaries

strategic planning - ️️the process by which an organization determines where it is going in the future, how it will get there, and how it will assess whether and to what extent it has achieved its goals budget - ️️an itemized projection of revenues and expenses for a future time period competitive advantage - ️️the ability of a company to achieve and maintain a unique and valuable competitive position both within a nation and globally, generating higher rates of profit than its...

What are the 11 Uncontrollable Forces? - ️️-competitive -Distributive -Economic -Socioeconomic -Financial -Legal -Physical -Political -Sociocultural -Labor -Technological economic globalization - ️️The tendency toward an international integration and interdependency of good, technology, info, labor, and capital, or the process of making this integration happen Controllable Forces - ️️Internal forces that management administers to adapt to changes in the uncontrollable ...

International Monetary Fund (IMF) - ️️Institution that fosters global monetary cooperation, financial stability, international trade, high employment and sustainable economic growth, and reduction of poverty trade-related intellectual property rights (TRIPS) - ️️The WTO agreement that protects copyrights, trademarks, trade secrets, and other intellectual property matters informal institutions - ️️institutions that influence behavior through norms, values, customs, and ideologie...

IMS 3310 Exam 1 UT Dallas Complete Questions And Answers

Multidomestic company (MDC) - ️️An organization with multicountry affiliates, each of which formulates its own business strategy based on perceived market differences Foreign business - ️️The operations of a company outside the home or domestic market Global company (GC) - ️️An organization that attempts to standardize and integrate operations worldwide in most or all functional areas International company (IC) - ️️Either a global or multinational company International bus...

How evenly has trade grown? - ️️-The proportion of merchandise exports from Asia has nearly doubled since 1980, with China accounting for nearly two-thirds of the increase. -Rapid expansion of international trade has helped transform nations such as Singapore, Taiwan, and South Korea form poverty in the 1950s to developed country standards of living, and 500 million Chinese have been lifted out of poverty by China's trade-driven policies. -The European Union increased its proportio...

FDI versus non equity modes of entry, what are the pros and cons to each? - ️️Non equity: An agreement between two or more firms to work together on a certain project or to operate in a paritcular market by establishing a new entity taht is jointly owned by all the partner. The profits/losses, risks and the control of the operations are shared by all the partners. It helps a firm to take the benefit of local partner's knowledge of the local market. At the same time it involves the ri...

IMS 3310 Exam 1 UT Dallas Study Guide Solutions International Business - ANSWER-Business that is carried out across national borders Foreign Business - ANSWER-The operations of a company outside its home or domestic market International Company (IC) - ANSWER-A company with operations in multiple nations Environment - ANSWER-All the forces influencing the life and development of the firm Uncontrollable forces - ANSWER-The External forces that management has no direct control over What are ...

IMS 3310 Final Exam Study Guide 2023 with complete solution