BIBM
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Set of flashcards Details
| Flashcards | 131 |
|---|---|
| Language | Deutsch |
| Category | Social |
| Level | University |
| Created / Updated | 04.06.2022 / 14.01.2023 |
| Weblink |
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What is a Build-Operate-Transfer Arrangement?
A firm contracts to build a major facility abroad, operates it for a specified period and then transfers ownership to the project sponsor.
What is a management contract?
A contractor supplies managerial know-how to operate a hotel, hospital,airport etc. in exchange for compensation.
Explain Mercantilism
Mercantilism argues that national prosperity results from a positive balance of trade achieved by maximizing exports and minimizing or even impeding imports.
Explain the absolute advantage principle
It states that a country benefits by producing primarily those products in which it has an absolute advantage, those that it can produce using fewer resources than any other country.
Explain the comparative advantage principle
it states that it will be beneficial for two countries to trade with each other as long as one is relatively more efficient at producing goods or services needed by the other.
explain the factor proportions theory
it suggests that each country should export products that intensively use relatively abundant factors of production and import goods that intensively use relatively scarce factors of production.
Is country risk always present?
yes. but its nature and intensity vary over time and from country to country.
What is country risk measured as? (4 Points)
- Political stability
- legal environment
- economic indicators
- tax policy
There are 2 ways of Authoritarianism, which?
- Theocratic (religion-based)
- Secular (non-religion-based)
explain the international product life cycle theory
each product and its manufacturing technologes go through three stages of evolution: introduction, maturity and standardization.
What is the difference between direct and indirect exporting?
indirect exporting = the firm is contracting with intermediaries located in their home market
direct exporting = the firm is contracting with intermediaries located in the foreign market
