Ucf geb 3375 - Study guides, Class notes & Summaries

What is *market screening*? - A modified version of environmental scanning in which the firm identifies desirable markets by eliminating the less desirable ones. What is the *Basic Needs Potential*? - A modified version of environmental scanning in which the firm identifies desirable markets by eliminating the less desirable ones. An example of *basic needs potential*? - The basic need potential of some goods is dependent on various physical forces, such as climate, topography, and natural ...

Market Screening - Firm is able to identify desirable markets Country screening (Ex. Brazil) First screen (Basic needs potential) - Influenced by climate, geography, natural resources. Some needs easy to assess(Industrial goods) while others are harder (Desire for chocolate). Data incudes Imports, local production Second Screening (Financial and Economic Forces) - market indicators: economic data used to measure relative market strength of countries or geographic areas ex: market size, ma...

____________ is a collective programming of the mind that distinguishes the members of one group or category of people from another - Answer-Culture ____________ viewed precious metals like gold and silver as the only source of wealth, and their accumulation as essential to a nation's welfare - Answer-Mercantilism ______________ is a process where a company exports a product at a price lower than the price it normally charges in its own home market - Answer-Dumping ______________ US jobs ...

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No, laws and legislations are different in every country - In general, is it fair to assume that laws in foreign countries are the same or different than the U.S? Arbitration - the use of a third party to settle a dispute ( not going to court). Litigation - legal proceedings conducted to determine and enforce particular contract rights -and this is expensive and lengthy Patent - An exclusive right granted for an invention - a product or process that provides a new way of doing something, o...

GEB 3375 Exam 1 UCF LATEST UPDATE GRADED A+ Globalization of markets refers to the interconnectedness of national economies and the growing interdependence of buyers, producers, suppliers, and governments around the world Role of Technology in Globalization technology offers products/services worldwide, communication finding information, the world has become a "small place" Examples of Technology's Role in Globalization -shorter flight times -declining cost of global communicat...

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____________ is a means of adjusting the exchange rates for two currencies so the currencies have equivalent purchasing power. A. purchasing power parity B. purchasing power exchanging C. purchasing power equality D. parity of purchasing power - Answer-A _____________ only measures the market value of goods and services produced within a nation. A. GNI B. GDP C. GPS D. GEB - Answer-B _____________ refers to the process that determines how a company should be organized to ensure its w...

% of Florida exporters that are small and medium sized enterprises - Answer-95% 2013 largest markets for american exports - Answer-about 1/2 went to other nations in North America Acculturation - Answer-the process of adjusting and adapting to a culture other than one's own; commonly experienced by expatriate workers Approximate number of Florida companies exporting - Answer-61,000 Arguments against globalization - Answer-1. it has produced uneven results across nations and people 2. dele...