International Business Warm up questions
Which cause of globalization best explains why some emerging markets have increased their standards of living and become competitive producers and exporters of computers and software?
economic development and industrialization
________ is inspiring quicker dispersion of consumer products and brands across the globe.
international trade
When a company transfers its value-chain activities by launching a subsidiary in a foreign country, it is called ________.
offshoring
Which phase of globalization is composed of the growth and supremacy of multinational enterprises in the industrial and agricultural industries?
second phase
Which of the following represents the trend of economic disaster spreading from one country to another?
Contagion
A company with __________ or fewer employees is defined as an SME.
500
Which of the following is a motivation for international expansion?
Being closer to supply sources
What risk represents possible losses or failures as a result of poorly developed or implemented business strategies, tactics, or procedures?
Commercial
Lifestyles, customs, and religion have a potential for causing which type of international business risk?
Cross-Cultural
What initiate international business activities by envisioning, crafting, and creating goods and services for global buyers?
Focal Firms
Based on her studies of international business, Jillian Sanchez decides to buy paper for her office supply store from wood grown in sustainable forests in Canada, even though the sustainable paper costs more than other paper. Considering the reasons to study international business, which of the following best explains Jillian's decision?
Implementing corporate citizenship efforts
What term refers to the trend of corporations to methodically expand their worldwide business activities?
Internalization
China, India, and Eastern Europe have become known as cost-effective places for producing goods and services, and they have attracted an increasing amount of foreign capital into their economies. Which driver of globalization best explains this occurrence?
Market liberalization and implementation
What should governments do to reduce the harm of globalization while also acquiring the benefits associated with globalization?
Regulate financial institutions appropriately
When a domestic firm seeks opportunities in foreign markets, the firm's motive is best described as ________.
Strategic
Which of the following terms represents the arrangement of activities conducted by a company in the course of creating, manufacturing, promoting, and servicing a product?
Value Chain
One of the most noteworthy influences on globalization has been ________.
advances in technology, including communications, data, and engineering
________ refers to the steady assimilation and increasing interdependence of economies.
globalization of markets
What involves the allocation of assets to another country or the attainment of assets in that particular country.
international Investment
The greatest significance of globalization is reflected directly in a company's ________.
value chain