BUSN 70 Midterm: Midterm 3 study guide
Document Summary
Buying, selling, and trading goods and services across national boundaries. Exporting - sale of goods and services to foreign markets. Selling your product in another country for less than it costed you to make it. Do this to steal part of the market. Reshoring - huge movement of companies coming back to america because of multitude of reasons. Multinational corporation - operates on a worldwide scale without significant ties to any one nation or region. Social responsibility - broader impact of entire business on society. Principles and standards that determine acceptable conduct in business. You can"t pay money to foreign companies in order to secure business. Ethical issues - identifiable problems that require a person to choose what is the best decision. Bribes are wrong to influence the outcome of a decision. Insider trading - buying or selling of stocks that are not public. Martha stewart - dumped stock she knew was going to go bad before the public knew.
