Key Players Flashcards
(4 cards)
1
Q
What are the 6 key players in international business
A
- large companies from the wealthiest nations
- firms from emerging markets
- small and medium-sized companies
- multinational corporation (MNC)
- foreign direct investment (FDI)
- born global firm
2
Q
What is a MNC
A
a business that has direct investments abroad in multiple countries
3
Q
What is a FDI
A
the purchase of physical assets or a significant amount of ownership in another country to gain a measure of management control
4
Q
What is a global firm
A
a company with a global perspective that engages in international business from inception and quickly achieves a competitive advantage (they have innovative and knowledge-based organizational capabilities)
