Flashcards
Theme 4
Flashcards do conjunto (44)
- 1Emerging economiesCountries with growing but low to middle averAge income per person.
- 2Indicators of growthStatistics that show the extent to which a country is increasing in size.
- 3GDP per capitaThe annual GDP ie. the total value of output in an economy in a given period of time divided by the average population in that year.
- 4LiteracyThe ability to read and write; a wider definition might include the skills required to access knowledge.
- 5HealthThe absence of illness or injury.
- 6Human DevelopmeNt IndexA measure of economic growth that measures economic progress through the achievement of people rather than simply through income and growth figures.
- 7Real gross nation income per capitaThe Average income of a person within a country.
- 8International tradeThe exchange of goods and services between countries.
- 9ExportsThe selling of goods and services to other countries.
- 10ImportsThe buying of goods and services from other countries.
- 11Exchange rateThe price of one currency in terms of another.
- 12SpecialisationOccurs when economic units such as individuals, businesses, regions or countries concentrate on producing specific goods and services.
- 13FDIInvestment made by a business or other entity from one country into the productive capacity of a business from another country e.g. factories.
- 14GlobalisationThe increased integration and interdependence of international economies leading to a world market.
- 15Trade barriersAny government actions that limit the free movement of goods and services between countries.
- 16Trade liberalisationThe process of removing barriers to trade to encourage the free movement of goods and services between countries.
- 17ProtectionismThe policies imposed by governments to restrict the free movement of goods and services between counties.
- 18Preferential trade areaReduce/eliminate trade barriers for select goods and services.
- 19Free trade areaReduce/eliminate trade barriers for all good and services resulting in trade liberalisation.
- 20Customs unionMembers remove trade barriers Amongst themselves and a common approach to trade barriers with countries outside the block.
- 21Common marketsMembers agree to removal of trade barriers and freedom of movement of factors of production and common economic policies.
- 22Economic unionsComprising the features of both a customs union and a common market, including common economic policies.
- 23SEMA customs union that has a free trade area and common external tariff.
- 24ASEANThe association of Southeast Asian Nations is a trading bloc. Members include, thailand , cambodia and signapore.
- 25NAFTANorth American free trade agreement is a trading bloc between USA, CAnada and Mexico.
- 26Push factorsThe factors that force a business to leave the market in which they currently operate to look for new streams of income.
- 27Pull factorsFactors that attract a business to a global market.
- 28Off-shoringOccurs when a business relocates production to another country.
- 29Disposable incomeThe amount of income an individual has available to spend after paying income tax and any other statutory payments e.g. pensions.
- 30Global mergerWhen two or more businesses join together beyond the boundaries of a specific country.
- 31Joint venturesWhen two or more businesses act collectively to set up a new business venture with all parties contributing equity to fund the set up and purchase of assets.
- 32Global competitivenessThe ability of a business to compete in international markets in order to become a leader in a given industry across the world.
- 33Global marketA market that targets all of the world’s economies rather than individual countries.
- 34Global marketing strategyThe adaptation of a marketing strategy to target all markets on a worldwide scale.
- 35Global localisationThe adaptation of a global marketing strategy in order to meet the requirements of local geographic markets.
- 36Domestic/ethnocentricA marketing approach where the promotion of the product is undertaken based on the beliefs of the home nation of the business and is presented to the host nation, as such.
- 37International/PolycentricA marketing approach where the promotion of a product is undertaken based on the beliefs of the nation in which the business is operating/targeting.
- 38Mixed/GeocentricA marketing approach where the promotion of a product is undertaken based on a global or worldly point of view, not on the perspective of either the home or host nation values.
- 39Global niche marketSubcultures in world society that share common interests and can be identified as market segments on a global scale.
- 40The lifestyle , customs and values of a group of people in different countries or from different ethic groups.Cultural factors
- 41Cultural differencesThe differences that occur as a result of having different lifestyles, customs and values. Therefore, their perception of situations is different.
- 42Unintended meaningsWhen the message being portrAyed by the business is taken to mean something else by the potential market.
- 43Multination CorporationA business that, although operated from one country, has facilities and assets in more that one country. This can include production plants, sales outlets and subsidiaries.
- 44Pressure groupsOrganisations who fight to influence the actions of others for the good of a particular cause.
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- FlashCards sobre Theme 4, criado por Connie Lee em 06-06-2018.
- Criado por
- Connie Lee
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