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6 Terms
1
global mergers
a permanent agreement between two businesses from different countries to join together
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2
joint venture
when two businesses join together for a limited period of time
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3
reasons for mergers/joint ventures
spreading risk, entering new markets/trade blocs, acquiring national/international brands/patents, securing resources/supplies, maintaining/increasing global competitiveness
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4
spreading risk
a business may gain sales in one market when there are economic fluctuations in another
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5
takeover/aquisition
when one business gains control of another, which can be achieved by buying 51% or more of the shares
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6
reasons for businesses to grow globally
spreading risk, economies of scale, access to trade blocs, access to natural resources, lower production costs, increasing competition, specialisation, extend the life of a product, avoid high corporation tax
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