COMM 103 Lecture Notes - Lecture 3: Initial Public Offering, Offshoring, Cultural Assimilation

• School: Queen's University
• Department: Commerce
• Course: COMM 103
• Professor: Gregory Libitz

Document Summary

Summary | key concepts/terms | study exercises/questions | txtbk main idea. Offshoring transferring a component (operations, service, support) of a firm"s business system to another country. Firms can react more quickly to market opps and trends create a stronger affiliation for their products and overall brand identify new ideas as markets become better understood, develop new products in response to those needs. Gain greater market diversification as new markets grow and opps are capitalized on learn new business methods. Monitoring global economic/financial dvlpmt w/ emphasis on crisis prevention (crisis response), exchange rate stability, balanced economic growth. Issuance of temp or short-term loans to countries w/ balance-of-trade imbalances eliminate liquidity issues w/in these countries summary | key concepts/terms | study exercises/questions | txtbk main idea. Manageable levels of national debt low inflation climate of political stability internal exchange of products drives economic vitality creates domestic-based wealth enables emergence of buying power and ongoing demand for additional products.