BPC b Flashcards
is an apprehension from collectivism which is a
political theory associated with communism that sets the idea that people
should prioritize the good of society over the welfare of the individuals.
Collectivist ideology
s a business arrangement whereby the owner (franchisor)
grants some rights and authorities to a franchisee. It is a form of entry
strategy to expand business.
Franchising
a business arrangement in which one company gives another
company permission to manufacture its product for a specified payment.
Licensing
is a political system in which political leaders exert control over a
state using military force and bureaucratic power
Secular
is a political system where country’s religious leaders are also
its political leaders.
Theocratic
are organizations formed by workers from related fields that
work for the common interest of its members
Trade Union
Is a set of formal institutions that constitute a government. It includes
legislative bodies, political parties, lobbying groups, and trade unions.
Political System
government seeks to control not only
all economic and political matters but also the attitudes, values, and
beliefs of the citizenry
totalitarian
A political system that is based on a collectivist
ideology
socialism
Another type of political system that is mainly
characterized by two major features: private property rights and
limited government.
democracy
is a legal
system that is base on tradition, previous cases, and legal
precedents set by the nation’s courts through interpretation of
statutes, legislation, and past rulings.
common law
code law is based on an all-inclusive
system of laws that have been codified and is divided into three
codes: commercial, civil, and criminal.
civil law
A legal system that is strongly influenced by
religious beliefs, ethical codes, and moral values viewed as
mandated by a supreme being. Hindu, Jewish, and Islam have this
kind of law.
religious law
It consists of two or more legal systems operating
together. In most countries, legal systems evolve over time,
adopting elements of one system or another that reflect their unique
needs
Mixed System
is the seizure of corporate assets without
compensation
Confiscation
is seizure with compensation
Expropriation
describes government seizure of an entire
industry, with or without compensation.
Nationalization
is a subtle form of country risk in
which governments modify laws and regulations after foreign
MNEs have made substantial local investments in property
and plants
creeping expropriation
is a type of trade penalty imposed on
one or more countries by one or more other countries
sanction
is an
official ban on exports to or imports from a particular country to
isolate it and punish its government.
embargo
boycott is a voluntary refusal to
engage in commercial dealings with a nation or a company.
boycott is a voluntary refusal to
engage in commercial dealings with a nation or a company.
is the threat or actual use of force or violence
to attain a political goal through fear, coercion, or intimidation.
Terrorism
forms of violence pose significant problems for business operations.
Although such events usually do not affect companies directly, their
indirect effects can be disastrous
War, Insurrection, and Violence.
refers to the application of home - country
laws to persons or conduct outside national borders.
Extraterritoriality
