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