ADMS 1000 Study Guide - Final Guide: Mergers And Acquisitions, Sunk Costs, Imperfect Competition
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ADMS 1000 Full Course Notes
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Globalizaion - the process of the integraion of economies and the removal of trade barriers. Mncs are companies with markeing and manufacturing faciliies in two or more countries but with headquarters in one country. Less trade barriers - quotas, tarifs, subsidy. Access to resources - companies may expand globally to look for scarcely available resources such as land and skilled labour. Fdi - by invesing into local projects and local businesses, organisaions can expand into other countries. Mergers & acquisiions - by taking over and joining with other businesses in other countries, businesses can expand their market and can move into new markets by acquiring or joining with businesses in other industries - Strategic alliances (nokia & microsot - nokia windows phones)/joint ventures (sony-ericsson, nokia- Siemens, land rover-jaguar) - businesses can pool resources with other irms to work towards a common goal or to produce a common product or to join together in research & development.