inernational business

A business that is carried out across national borders is referred to as a(n) Blank______ business.

international

______ company is a company with operations in multiple nations.

international

International businesses differ from domestic businesses in that international businesses must deal with the forces from which three of the following environments

international domestic foreign

A company with operations in multiple nations is referred to as a(n)

international company

The definition of international business includes:

international trade service industries foreign manufacturing

A nation's ability to design, produce, distribute, or service products within an international trading context while earning increasing returns on its resources is known as

national competitiveness

Which term means the predictable decline in the average cost of producing each unit of output as a production facility gets larger and output increases?

Economies of scale

Political

Elements of nations' climates such as nationalism and forms of government

Physical

Elements of nature such as topography, climate, and natural resources

Management has no direct control over Blank______, although it can exert influence over them

uncontrollable forces

Foreign business denotes the operations of a company

within a foreign country

______ business denotes the operations of a company outside its home market.

Foreign

Legal

The many foreign and domestic laws governing business operations

Economic

Variables such as gross national income, unit labor cost, and personal consumption expenditure

Financial

Variables such as interest rates, inflation rates, and taxation

Stock ownership and nonownership mechanisms are two ways a company controls a foreign Blank______, which is another company located in a foreign land.

affiliate

The term ______ means all the forces influencing the life and development of the firm.

environment

the rising scale on which efficiency improves as a result of cumulative experience and learning.

experience curve

The _____ forces are commonly called uncontrollable forces.

external

The forces influencing the life and development of the firm are classified into which two categories?

external internal

Which variable in Michael Porter's diamond model distinguishes between land, location, or natural resources and transportation systems or university research institutes?

factor conditions

Which explanation suggests that countries will export products requiring large amounts of their abundant production factors and import products requiring large amounts of their scarce production factors?

Differences in resource endowments

Competitive

Kinds and number of competitors and their activities