Local and International Business

Presence of numerous factors prevailing in the environment that change overtime.

• Environmental Uncertainty

• Environmental complexity

• Environmental firm

Lack of complete information about the current and future environment of the firm.

• Environment Uncertainty

• Environment complexity

• Environment firm

The international Business environment pertains to the business activities performed by companies operating in

(a)  

Porter's five forces model focuses on the bargaining power

• Buyer

• Industry

• Suppliers

Porter's five forces model focused on threat of a new entrants.

• Potential entrants

• Substitute

• Buyers

Porter's five forces model focused on rivalry among existing firms

• Suppliers

• Industry competitors

• substitute

It involves selling locally made products in foreign countries,

• Importing

• barter

• exporting

It involves pulling of resources among foreign and local coinventors to operate the business.

• Strategic Alliance

• joint ventures

• franchising

Form of licensing whereby a company grants another firm the rights to use the former's brand name and operating method

• Franchising

• Exporting

• Licensing

Involves buying foreign -made products and selling them in local markets

• Exporting

• Importing

• Bargaining