BUS 082 Lecture Notes - Lecture 9: Exchange Rate, Ethnocentrism, Devaluation

• School: College of The Sequoias
• Department: Business (BUS)
• Course: BUS 082
• Professor: gradin

Document Summary

A company that manufactures and markets products in many different countries and has multinational stock ownership and management. Sovereign wealth funds (swfs): investment funds controlled by governments holding large stakes in foreign companies. The size of the funds and the fact that they are government owned make some fear they might be used for. Undermining the management of the companies in which they invest. To key indicators when measuring global trade: balance of trade and balance of payments. Culture: a set of values, beliefs, rules and institution held by a specific group of people. Ethnocentrism: the belief that only your country or culture has the correct values, belief, etc. Never assume that what works in one country will work in another. Exchange rate: the value of one nation"s current relative to the currencies of other countries. Know the gdp and the important sectors of their economy, look for the gap that you can fill.