Intellectual property rights (IPR) 1 Ownership of ideas, including literary and artistic works (protected by copyright), inventions (protected by patents), signs for distinguishing goods of an enterprise (protected by trademarks) and other elements of industrial property. The Time Teller. Sort;Set in Order; Shine; Standardize; Sustain. A Glossary of common Terms used in International Business, Absolute advantage.Absolute AdvantageAccelerated paymentAccessionAccounts payableAcid-test ratioACP countriesACP CountriesAct of Godad valorem equivalent (AVE)Ad Valorem TaxAdvance payment.Advice of shipment.Advisory boardAgent(AGOA) African Growth and Opportunity ActAir WaybillAll Risks ClauseAll Risks ClauseAngel investorangel investorsAnti-dumping duties(APEC) Asia Pacific Economic CooperationApplied tariff / Applied ratesarbitrageASEANAssetsASYCUDAATA CarnetATPAaudienceautomated clearing houseBalance of TradeBalance sheetbank draftBarterBenchmarkBerne ConventionBill of LadingbiometricBonded WarehousebrokerBroker of Tradebusinessbusiness continuityBusiness EnterpriseBusiness RiskBusiness ValuationBuying AgentC.i.fCabotageCAFTACarnetCash In AdvanceCertificate of Free SaleCertificate of InspectionCertificate of OriginCertificate of OriginCFR Cost and FreightChamber of CommerceCIF Cost, Insurance and FreightCIP Carriage and Insurance Paid toCITESClean Bill of LadingcollateralCommercial AttacheConsigneeConsignmentcontent businesscontract lawControlConvertible CurrencyCopyrightCopyrightCorporationCounter-TradecounterfeitCountry of OriginCPT Carriage Paid tocredit cardcross-border tradecrowdfundingcurrent exposurecustoms unionDAP Delivered at PlaceDAT Delivered at TerminalDDP Delivered Duty PaidDelivered at FrontierDemandderivativedesirability-feasibility-viabilityDistributorDoha Rounddumpingelevator pitchEMCengagementengagement rateentrepreneurExcise TaxEximbankExport prohibitions and restrictionsExporterEXW Ex WorksF.o.bFair Market ValueFAS Free Alongside ShipFCA Free CarrierFDIFinanceFinancial RiskFOB Free On BoardForeign direct investmentForeign Trade Zonefree market systemfree-riderfree trade areafreelance consultant.freemiumfungibilityG-10G-20G-33G7G8G15G77geographical indicationsGINI indexgoalGolden parachuteGoodwillgovernment useHarmonized Systemhedge fundHS 6-digitimport licensingimporterimpressionsIncotermsinitial public offeringsIntangible Assetsintellectual property rightsinternational dollarInternational EconomicsInternational financeintrapreneurIntrinsic ValueISOLDCslegal riskLeontief paradoxLimited companyliquidity riskLisbon Agreementlong positionMadrid AgreementMadrid AgreementMarket AccessMarket AccessMarket AnalysisMarket distortionmarket riskMarket segmentationmarket valueMarketingmeasurable objectiveMERCOSURMFAMFNmodes of deliverymoney launderingMontreal ProtocolNAFTANAFTANatural personsNDANGONTBsobligationOcean Bill (Ocean Bill of Lading (B/L))OEMOffshore SourcingOligopolyOligopolyPacking listPacking ListPacking Slip (Packing List)parallel importsParis ConventionPatentPenetration Pricingpeople riskPiggyback MarketingPower of AttorneyPPPPreferential trade arrangements (PTAs)privacyPrivate companyPro Forma InvoicePro forma InvoiceProduct AttributesProduct Life Cycle (PLC)Product Lineproduct riskPromotionPromotional MixProtective TariffsprotocolsPsychographic SegmentationPublic companyPublicityPull StrategyPurchasing Power Parity (PPP)Push StrategyQIZQuotaRegional trade agreements (RTAs)rules of originSACUSAFTASales Representative or Agentsanitary and phytosanitary measures (SPS)Shippers Export DeclarationShippers Letter of InstructionsSIC CodeSilver bulletSITCSkimming Price Policysmall business ownerSMEsSpecial DocumentationSRCCStakeholdersStakeholdersStrategic AlliancesstrategiesStrategySubsidySubstitute ProductsSWIFTSWOT Analysissystemic disruptiontactictarget marketTarget MarketTarget Return PricingTariffTariffTariff bindingTariff escalationTariff quotaTCtechnology startupTerminal ChargeTEUThe Doha RoundTNCTotal populationTPPTrade DiscountTrade SecretTrade ShowTrademarkTransshippingUNCTADUnlimited companyUruguay RoundUSPValue Added TaxValue Added Tax (VAT)WharfageWhite knightWholly Owned SubsidiariesWin-win solutionWIPOWorld Customs OrganizationWTO, A Big Mac Index[2] The index, published by the Economist is based on the theory of purchasing-power parity, which says that exchange rates should eventually adjust to make the price of a basket of goods the same in each country. 5) Economic recession in one's own country The Importance of International business is fourfold if a company is afraid of the recession in their own country. countries that have many linguistic groups, such as India and Singapore, have adopted English as an official language to facilitate communication among diverse groups, Management Contracts Strategic alliance where a foreign based company operates a company in a local market for a local investor. The 2014 Grant Thorton report, International Journal of Export Marketing, Japan Academy of Multinational Enterprises, COVID-19 and Land-based Investment: Changing Landscapes, The geographical structure of capitalism at the origin of cultural protest against globalization as expressed in contemporary politics of identity, Lagos Chamber of Commerce and Industry (LCCI), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Nigeria Principle Business Associations, One Entrepreneurs Guide to Finding Overseas Business Opportunities. In the U.S. tax code, foreign branch income is taxed as it is earned in the foreign country, Foreign Exchange2 Any type of financial instrument that is used to make payments between countries is considered foreign exchange. With the increasing internationalisation, the scope and area for research in the field of international business have increased. Competition may exist from a variety of sources, and the nature of competition may change from place to place. Words Kshetra is in partnership with global leaders and so pioneers in grabbing the best opportunities for its clients in multiple nations. Does the presence of international companies on social media have an impact on their market? Brand (noun): a combination of design, logos, signs, symbols, words, slogans, colors, or style that creates an image about a particular product and identifies or differentiates it. Thanks for using the site - I hope it is useful to you! Beyond the six-digit level, countries are free to introduce national distinctions for tariffs and many other purposes. Dumping1Occurs when goods are exported at a price less than their normal value, generally meaning they are exported for less than they are sold in the domestic market or third-country markets, or at less than production cost. Contractual Requirements Agreements between the company and its foreign based agents/distributors, licensees/franchisees or joint venture partners. You can get the definition(s) of a word in the list below by tapping the question-mark icon next to it. Executive Masters in International Relations: Who Is It Right For? 9002, outlines a model for quality assurance in production and installation. National average salary: $82,147 per year. International business remains a broad concept that encompasses the smallest companies that may only export or import with one other country, as well as the largest global firms with integrated operations and strategic alliances around the globe. Dispatch An amount paid by a vessels operator to a charter if loading or unloading is completed in less time than stipulated in the charter agreement, Disposable Income Personal income minus income taxes and other taxes paid by an individual, the balance being available for consumption or savings, Distributor (Foreign Based) The foreign distributor purchases the product and is always responsible for payment of the export item. Foreign Reporting. commercial presence- Having an office, branch, or subsidiary in a foreign country. Our experts can deliver a custom Impact of Cultural Differences on International Business paper for only $13.00 $11/page. Carry forward1- When an exporting country uses part of the following years quota during the current year. Direct Exporting Selling directly to an importer or buyer located in a foreign market area. Air Bill (Air Waybill) A shipping document used by the airlines for air freight. To ensure success in a foreign market, international businesses must understand the many factors that affect the competitive environment and effectively assess their impact. 3. If you need help with research paper, our expert writers are here for you. What is another word for international business? Exclusive Distribution A very highly selective pattern of distribution is used at each level of the marketing channel. The rapid growth in international business makes an understanding of organizational behavior all the more important for contemporary managers. Codex Alimentarius 1- FAO/WHO commission that deals with international standards on food safety. 839+ International Business Name Ideas List Generator If you are about to begin an international company which will cater to people from all over the world, then you need to go for a name that people from different cultures could understand. A multilateral environmental agreement. Bracketed1- In official drafts, square brackets indicate text that has not been agreed and is still under discussion. Credit Risk Insurance Insurance designed to cover risks of non payment for delivered goods. Many source suppliers from foreign countries and still more compete against products or services that originate abroad. What is the implication of the stock market exchange in international business? The movement of goods from country to another (exporting, importing, trade) Contractual agreements that allow foreign firms to use products, services, and processes from other nations (licensing, franchising) The formation and operations of sales, manufacturing, research and development, and distribution facilities in foreign markets Common Law Law that forms the foundation of the legal system in Anglo American countries; based on cumulative findings of judges in individual cases. 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