EXAM SKILLS: 'Evaluate'

Protectionism

Trading Blocs

Trade Liberalisation

Push Factors

Pull Factors

Structure of a Product life cycle

Extension Strategy

Emerging economies

Offshoring

IMF

World Bank

WTO

Free trade area

Common markets

Trading blocs : Advantages

Trading blocs: Disadvantages

FDI

FDI : MEDCs

FDI: LEDCs

BRICs

Backward Innovation

PPP

INDIA

CHINA

Supply Chain management

Some aspects to consider when deciding which countries to target

Human Development Index

Ease of Doing Business Index

Commodities

Infrastructure

Specialisation

Absolute advantage

Comparative advantage

3 Stages of Comparative advantage

Advantages of Specialisation

Disadvantages of Specialisation

Stakeholders

Corporate culture

CSR

Ethical decision making

Drawbacks of behaving ethically

Advantages of behaving ethically

Social and Cultural differences

The 4 Ps

Joint Venture

Disadvantages of Joint ventures

Advantages of Joint ventures

Protectionism

Trade Barriers

Tariffs

Quotas

Disadvantages of protectionism

Globalisation

Intellectual property rights

Diversifying

Inorganic growth

Merger

Takeover / Acquisition

Horizontal integration

Vertical integration

Reasons FOR Inorganic growth

Economies of Scale

Synergy

Glocalisation

Glocalisation: Ethnocentric Model

Glocalisation: Geocentric approach

Glocalisation: Polycentric model