WorksheetsLocal and International Business
Total questions: 10
Worksheet time: 5mins
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
