International Business Ib315

Define:

Privatization: is the process of transferring an enterprise or industry from the public sector to the private sector. The public sector is the part of the economic system that is run by government agencies.

Terrorism: the use of violence and intimidation in the pursuit of political aims.

Dumping: the export by a country or company of a product at a price that is lower in the foreign market than the price charged in the domestic market.

Tariffs: a tax or duty to be paid on a particular class of imports or exports.

Market screening: The process of discovering relevant information about a tradable asset in order to determine a fair price for the asset.

Environmental scanning: is a process that systematically surveys and interprets relevant data to identify external opportunities and threats.

Country screening: use of countries as the basic unit of analysis for market evaluation.

Segment screening: Using market segments as the basis for market selection.

Market indicators: economic data that serve as yardsticks for measuring the relative market strengths of various geographic areas.

Market factors: economic data that correlate highly with market demand for a product.

Estimation by analogy: is a technique which uses the values of parameters from historical data as the basis for estimating the same or similar parameter for a future activity.

Trend analysis: is a method of analysis that allows traders to predict what will happen with a stock in the future.

Cluster analysis: Statistical technique that divides objects into groups so that the objects within each group are similar.

Describe and give an example of each:

Ad valorem duty: (Latin for "according to value") is a tax based on the value of real estate or personal property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax.

Specific duty: duty base on some measure of quantity, such as weight, length or...