Global Markets And Business Expansion Flashcards
Push factors
Negative factors within the uk that causes uk businesses to look outside the uk
Outsourcing
Contracting another business to perform a business function on your behalf
Saturated market
Growth has ceased and there is no opportunity to boost sales other than steal market share from rivals
Disposable income
Money left after tax available to spend
Market attractiveness
An analysis of the current and future sales and profit potential of a country or market
Bureaucracy
A business or government that is bound by rules
Multinational
A company based in one country but with operations in many
Backwards vertical takeover
Buying a business in the same industry but at an earlier stage in the supply chain
Generic products
Undifferentiated-such as oil
Joint venture
A legal agreement between two businesses to work together on a specific project
Appreciating
When the value of a currency rises
Capital prouctivity
The efficiency with which capital is used
Depreciation
When the value of a currency falls
Poaching
Hiring staff that have been trained by someone else
Pull factors
Positive factors overseas that entice a uk business to look outside the uk
