MGT 301 Chapter 1

Global communications networks that enable manufacturing workers to coordinate production and design functions worldwide are an example of a(n) _____ driver.

technological

true or false: The United States has only about 10 percent of the world's population, so the vast proportion of most companies' potential customers are located elsewhere.

false. 5 percent not 10

Multinational firms first appeared after WWI, and the level of intracompany trade of multinationals in 1930, as a percentage of overall world trade, was nearly half the level achieved at the beginning of the 21st century.

false. existed well before WWI

Tesla recently built a factory in Shanghai to build and sell cars in China. This demonstrates the concept of

foreign direct investment

The forces in the _____ environment that occur outside a firm's home country are the same as those in the _____ environment (that is, the environment of the home country).

foreign; domestic

Tariffs placed on products from another country may bring in more money to the government of the country that initiated the tariffs, but they may hurt consumers in that country in the form of higher prices for goods. This demonstrates how forces in the foreign environment

have different values

The _____ environment consists of interactions between the domestic environmental forces and the foreign environmental forces.

international

You are interested in expanding your business into a foreign country. The government of that country exercises strict control over types and quantities of products that can be imported, so you may be limited in how much you can export. Which driver is most impacting your decision to expand?

political

_____ is the transportation of any domestic good to a destination outside a country. _____ is the transportation of any good into a country from a foreign origination point.

Exporting; Importing

The impact of globalization on labor standards has

resulted in a "race to the bottom."

a difficulty caused by NAFTA and the maquiladora program that began before nafta was

substantial increases in water and air pollution at the border

AbbVie pharmaceutical company conducts product research all over the world. Communication is facilitated between sites with use of the Internet and communication tools like videoconferencing. Which driver is most impacting the way AbbVie does business in this example?

technological

The vast majority of transnational corporations are privately owned, under government ownership.

true

True or False: To ensure a continuous supply of raw materials, industrialized companies are sometimes forced to invest in the developing nations where most new deposits are being discovered.

true

t/f: two regions that have not been successful in benefiting from globalization are latin america and sub-saharan africa

true

true or false: Data have shown a clear and definitive link between liberalization of trade and economic growth.

true

true or false: External forces in the international business environment are commonly called uncontrollable forces.

true

true or false: company x wanted to increase its business in a foreign country, so it chose to send its goods to a destination in that country to be sold. this is an example of exporting

true

true or false: the reduction of barriers to trade and foreign investment is an example of a political driver of globalization

true

true or false: there are five major kinds of drivers, all based on changes that are leading firms to the internationalization of their operations

true

The external forces are commonly called _____ forces.

uncontrollable forces

True or false: Decision making in a purely domestic environment is typically more complex than it is in an international environment.

False

Which of the following statements reflects Theodore Levitt's definition of globalization? (Check all that apply.) a. selling the same things in the same way everywhere b. creating worldwide markets for standardized products c. adopting strategies that operate as if the entire world is a single entity d. catering and tailoring a product to local differences in taste

a. selling the same things in the same way everywhere b. creating worldwide markets for standardized products c. adopting strategies that operate as if the entire world is a single entity

The definition of international business includes: (check all that apply) a. service industries b. domestic trade c. international trade d. foreign manufacturing

a. service industries c. international trade d. foreign manufacturing

Which of the following is NOT a negative effect of the North American Free Trade Agreement? a. substantial decrease in production facilities along the U.S.-Mexican border b. substantial increases in air pollution along the U.S.-Mexican border c. substantial increases in population along the U.S.-Mexican border d. substantial increases in ground water pollution along the U.S.-Mexican border

a. substantial decrease in production facilities along the U.S.-Mexican border

What are the five major drivers of internationalization listed in the text? (Check all that apply.) a. technological b. cost c. time d. political e. market f. competitive

a. technological b. cost d. political e. market f. competitive

Which of the following statements are true regarding the link between free trade and jobs? (Check all that apply.) a. Free trade promotes more jobs. b. Free trade stifles economic growth and expansion. c. Free trade promotes new, better jobs. d. Free trade can cause companies to go out of business.

a. Free trade promotes more jobs. c. Free trade promotes new, better jobs. d. Free trade can cause companies to go out of business.

Which of the following are typical arguments against globalization? (check all that apply) a. Globalization produces uneven results across nations. b. Globalization has been linked to a decline in environmental conditions. c. Globalization has worsened labor standards. d. Globalization produces friction between nations.

a. Globalization produces uneven results across nations. b. Globalization has been linked to a decline in environmental conditions. c. Globalization has worsened labor standards.

Which of the following statements reflect workers' fears regarding the impact of globalization on labor? (Check all that apply.) a. Globalization reduces wages in the United States. b. U.S. companies have moved abroad to avoid unionization. c. Jobs migrate to developing nations where labor costs are lower. d. Companies are experiencing difficulties divesting their interest in one country and moving to another.

a. Globalization reduces wages in the United States. b. U.S. companies have moved abroad to avoid unionization. c. Jobs migrate to developing nations where labor costs are lower.

Between 1992 and 2018, the United States saw an increase of nearly _____ in nonfarm jobs. a. 60% b. 40% c. 75% d. 80%

b. 40%

Which of the following trading firms were established in the 1600s? (Check all that apply.) a. Roman East Trading Company b. British East India Company c. Ottoman Trading Company d. Dutch East India Company

b. British East India Company d. Dutch East India Company

A vast expansion of agricultural and industrial production in _____ stimulated the emergence of an internationally integrated trading system stretching from Asia to the Mediterranean and Africa. a. Persia b. China c. Egypt d. India

b. China

Which country was the world's leading manufacturing country for about 1800 years until Britain became dominant in 1840? Multiple choice question. a. India b. China c. Italy d. Mongolia

b. China

Which of the following international organizations affect the international market? (check all that apply) a. Commerce Bank b. European Union c. World Bank d. OPEC

b. European Union c. World Bank d. OPEC

Which of the following statements is true regarding gross national income? a. Gross national income is a measure of value added, not sales. b. Gross national income and total annual sales are directly comparable. c. Gross national income is a measure of a nation's total sales. d. A nation's total sales always equal its gross national income.

a. Gross national income is a measure of value added, not sales.

_____ have grown faster than world output in nearly each of the past 60 years. a. Merchandise exports b. Service exports c. Outward foreign direct investment d. Financial imports

a. Merchandise exports

Which empire raised the cost of Asian trade for Europeans and drove the search for sea routes to Asia? a. Ottoman b. Greek c. Mongolian d. Roman

a. Ottoman

Which of the following are political drivers that are leading firms to internationalize their operations? (Check all that apply.) a. The formation of the European Union b. The increase in the number of foreign suppliers c. Preferential trade agreements like NAFTA d. The rapid increase in the number of markets in developing countries

a. The formation of the European Union c. Preferential trade agreements like NAFTA

______ is the best strategy for advancing the world's economic development. a. Tariffs b. Free trade c. Trade protectionism d. Political restraint

b. Free trade

Which of the following regions have not experienced economic success despite efforts to liberalize and privatize their economies? (Check all that apply.) a. Asia b. Latin America c. sub-Saharan Africa d. Eastern Europe

b. Latin America c. sub-Saharan Africa

Foreign business is that which is conducted

by a domestic business outside its domestic market

Despite globalization, the number of people living in poverty in sub-Saharan Africa rose _____ between 1990 and 2013. a. 22% b. 78% c. 43% d. 67%

c. 43%

In international business, which of the following is typically NOT a choice international managers have in deciding what to do with a concept employed in domestic operations? a. Adapt it to local conditions. b. Transfer it intact. c. Change the national culture. d. Do not use it overseas.

c. Change the national culture.

Which force is considered an external environment force?

competition

Internal forces are also called _____ forces.

controllable

A company made the decision to export its products abroad to increase its sales and enable economies of scale in production. Which driver is most impacting the company's decision to export?

cost

The self-reference _____ is the unconscious reference to the one's own cultural values.

criterion

Barriers to the free movement of a nation's people, such as mountain ranges, help maintain pockets of distinct cultures within a country, thus affecting a company's decision making. This scenario is an example of foreign forces _______. a. being controllable b. having different values c. being difficult to assess d. being interrelated

d. being interrelated

Most multinationals are based in ________ countries, but recently there has been a surge in the number arising in ________ countries.

developed; emerging

The _____ environment is all the _____ forces originating in the home country that surround and influence the development of the company.

domestic; uncontrollable

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

environment

China was the world's leading manufacturing country for about 1,800 years, until it was replaced by the United States at the end of the 1800s.

false

True or false: A nation's GNI and a company's sales are directly comparable.

false

True or false: Importing is the transportation of any domestic good to a destination outside a country.

false

True or false: The levels of foreign direct investment and exporting have been decreasing rapidly in recent years.

false

True or false: The rise of international commerce did not affect society much.

false

True or false: a common cause of the added complexity of foreign environments is managers' unfamiliarity with other cultures, which causes them to defer to their own cultural values. This is called other-reference criteria.

false

true or false virtually all nations agree that globalization and the liberalization of trade is a positive thing for their countries.

false

true or false: As used in the text, the term environment means all the forces influencing the life and development of the firm within the international realm.

false

true or false: an international corporation is an enterprise made up of entities in two or more nations, with a common strategy and coherent policies.

false

true or false: in recent years there has been a marked increase in the number of government policies and attitudes intended to limit and control foreign investment in both developed and developing nations.

false

Foreign forces are frequently difficult to ______. a. assess b. normalize c. relate d. value

a. assess

The world development indicators from the World Bank show that the number of people living in extreme poverty has _______. a. declined b. remained the same c. risen

a. declined

Data suggest that the liberation of trade has improved: (check all that apply) a. poverty rate b. crime rate c. education d. life expectancy e. health

a. poverty rate c. education d. life expectancy e. health

What commonly used variable measures where and how fast internationalization is taking place? a. total annual sales b. gross domestic product c. foreign direct investment d. gross national income

c. foreign direct investment

A(n) ______ company is a company with operations in multiple nations. a. domestic b. late-mover c. international d. first-mover

c. international

In which of the following environments is decision making most complex? a. interstate b. domestic c. international d. national

c. international

A company with operations in multiple nations is referred to as a(n): a. foreign business b. domestic company c. international company d. intranational company

c. international company

The forces in the foreign environments are often ______; that is, they are connected to one another. a. assessable b. controlled c. interrelated d. exploited

c. interrelated

An accounting firm establishing foreign operations in markets in which their principal accounts are located to prevent competitors from gaining access to this accounts is an example of a _____ driver. a. competitive b. cost c. market d. political

c. market

The trend toward the unification and socialization of the global community is considered a ______ driver. a. competitive b. market c. political d. cost

c. political

What is the unconscious reference to your own values when judging behaviors of others in a new and different environment? a. cultural stereotype b. social bias c. self-reference criterion d. self-inference bias

c. self-reference criterion

_____ business is business that is carried out across national borders.

International

Which of the following is an example of a domestic force affecting foreign operations? a. A union decides to call a strike at a domestic company, and the strike causes disruptions in the supply of parts to a company in another country. b. A union decides to strike at a foreign supplier, resulting in a shortage of supplies in the home country. c. A foreign country prohibits a foreign company from producing in its country. d. A home country suffers a shortage of foreign currency, so its government restricts overseas investment.

a. A union decides to call a strike at a domestic company, and the strike causes disruptions in the supply of parts to a company in another country. d. A home country suffers a shortage of foreign currency, so its government restricts overseas investment.

Current trends indicate that the world's economic center of gravity is shifting to ______. a. Asia b. Europe c. North America d. South America

a. Asia

Which one of the worst natural disasters in history is associated with international trade? a. Black Death b. typhoid c. malaria d. smallpox

a. Black Death

Which of following are considered external forces? (check all that apply) a. Competitive b. Technological c. Distributive d. Production e. Economic f. Physical

a. Competitive b. Technological c. Distributive e. Economic f. Physical

Which of the following human conditions has been attributed to the liberalization of trade? (Check all that apply.) a. Decrease in infant mortality b. Increase in literacy rate c. Increase in child labor d. Increase in life expectancy

a. Decrease in infant mortality b. Increase in literacy rate d. Increase in life expectancy

Which of the following are negative affects of the North American Free Trade Agreement? (Check all that apply.) a. Substantial increases in environmental standards along the U.S.-Mexican border b. Substantial increases in population along the U.S.-Mexican border c. Substantial increases in air pollution along the U.S.-Mexican border d. Substantial increases in ground water pollution along the U.S.-Mexican border

b. Substantial increases in population along the U.S.-Mexican border c. Substantial increases in air pollution along the U.S.-Mexican border d. Substantial increases in ground water pollution along the U.S.-Mexican border

In international business, what are the three choices international managers have in deciding what to do with a concept employed in domestic operations? (Check three.) a. Change the national culture. b. Transfer it intact. c. Do not use it overseas. d. Adapt it to local conditions.

b. Transfer it intact. c. Do not use it overseas. d. Adapt it to local conditions.

The liberalization of trade has been responsible for ________. (Check all that apply.) a. an increase in infant mortality b. an increase in political rights c. increased spending on public education d. greater civil liberties

b. an increase in political rights c. increased spending on public education d. greater civil liberties

Free trade enhances ______ development. a. cultural b. economic c. physical d. political

b. economic

The liberalization of trade has been responsible for ________. (Check all that apply.) a. an increase in infant mortality b. greater civil liberties c. increased spending on public education d. an increase in political rights

b. greater civil liberties c. increased spending on public education d. an increase in political rights

Which of following are considered external forces? (check all that apply) a. Distributive b. Production c. Technological d. Economic e. Competitive f. Physical

a. Distributive c. Technological d. Economic e. Competitive f. Physical

Which one of the following trading firms was formed to carry out colonial activities in Asia and to open ocean trade routes to the East? a. Dutch East India Company b. Ottoman Trading Company c. Roman East Trading Company d. British East India Company

a. Dutch East India Company

Which of the following sectors of human life were profoundly impacted by international trade? (Check all that apply.) a. Public health b. Agriculture c. Arts d. Ethnocentrism e. Politics

a. Public health b. Agriculture c. Arts e. Politics

Which empire raised the cost of Asian trade for Europeans and drove the search for sea routes to Asia? a. Greek b. Ottoman c. Mongolian d. Roman

b. Ottoman

True or false: Domestic firms are entirely free from foreign or international environmental forces.

false

True or false: Domestic forces do not affect foreign operations.

false

True or false: The vast proportion of most U.S. companies' potential customers are located within the United States.

false

Which of the following statements are true regarding the growth in exports? (Check all that apply.) a. Exports in 2017 were nine times larger than they were in 1980. b. World merchandise exports grew from $2 million to $25.5 million between 1980 and 2017. c. In 2017, the total value of exported services was $5.3 trillion. d. Merchandise exports have grown faster than world output in nearly each of the past 60 years.

a. Exports in 2017 were nine times larger than they were in 1980. c. In 2017, the total value of exported services was $5.3 trillion. d. Merchandise exports have grown faster than world output in nearly each of the past 60 years.

Which one of the following was a multinational company by the 1920s? a. Ford Motor b. Winchester Repeating Arms Company c. Microsoft d. Pillsbury Baking

a. Ford Motor

Which of the following is NOT typically an argument against globalization? a. Globalization has decreased efficiency. b. Globalization produces uneven results across people. c. Globalization has a negative impact on labor. d. Globalization has been linked to a decline in health conditions.

a. Globalization has decreased efficiency.

Which of the following statements are true regarding the international environment? (Check all that apply) a. It consists of the interactions between the domestic environmental forces and the foreign environmental forces. b. It involves only those activities that take place within a nation's borders. c. It consists of interactions between two or more domestic environmental forces. d. It consists of interactions between the foreign environmental forces of two countries.

a. It consists of the interactions between the domestic environmental forces and the foreign environmental forces. d. It consists of interactions between the foreign environmental forces of two countries.

Which of the following statements are true regarding the growth in exports? (Check all that apply.) a. Merchandise exports have grown faster than world output in nearly each of the past 60 years. b. In 2017, the total value of exported services was $5.3 trillion. c. Exports in 2017 were nine times larger than they were in 1980. d. World merchandise exports grew from $2 million to $25.5 million between 1980 and 2017.

a. Merchandise exports have grown faster than world output in nearly each of the past 60 years. b. In 2017, the total value of exported services was $5.3 trillion. c. Exports in 2017 were nine times larger than they were in 1980.

Which of the following are political drivers that are leading firms to internationalize their operations? (Check all that apply.) a. Preferential trade agreements like NAFTA b. The rapid increase in the number of markets in developing countries c. The increase in the number of foreign suppliers d. The formation of the European Union

a. Preferential trade agreements like NAFTA d. The formation of the European Union

Which of the following was one of the first U.S. companies to own foreign production facilities, have worldwide distribution networks, and market its products under global brands? a. Singer Sewing Machine b. Ford Motor Company c. Winchester Repeating Arms Company d. General Motors

a. Singer Sewing Machine

Which of the following are true of state-owned transnational corporations? (Check all that apply.) a. State-owned transnationals collectively have assets exceeding $2 trillion. b. State-owned transnationals come from both developing and developed countries. c. There is a minimum of 650 state-owned transnationals. d. State-owned transnationals account for more than 30% of the world's foreign direct investment.

a. State-owned transnationals collectively have assets exceeding $2 trillion. b. State-owned transnationals come from both developing and developed countries. c. There is a minimum of 650 state-owned transnationals.

Which of the following are regional economic groupings of nations? (Check all that apply.) a. The European Union b. OPEC c. The North American Free Trade Agreement d. Mercosur e. The World Bank

a. The European Union c. The North American Free Trade Agreement d. Mercosur

Which of the following statements are true regarding the Ottoman Empire? (Check all that apply.) a. The empire drove the search for sea routes to Asia, including the expeditions that discovered the Americas. b. The empire spanned Europe, North Africa, and the Middle East. c. The empire influenced the emerging trade routes for people, goods, and money that spanned from England to China. d. Its central location had the effect of lowering the cost of Asian trade for European countries.

a. The empire drove the search for sea routes to Asia, including the expeditions that discovered the Americas. b. The empire spanned Europe, North Africa, and the Middle East. c. The empire influenced the emerging trade routes for people, goods, and money that spanned from England to China.

Which of the following statements are true of transnational corporations? (Check all that apply.) a. Transnationals collectively account for 10% of world gross domestic product. b. Most transnational corporations are owned by governments. c. Transnationals account for about half of world trade. d. Transnationals have approximately 900,000 foreign affiliates.

a. Transnationals collectively account for 10% of world gross domestic product. c. Transnationals account for about half of world trade. d. Transnationals have approximately 900,000 foreign affiliates.

Which of the following adds complexity to foreign environments? a. Unfamiliarity with other cultures b. Friendly relations between countries c. Laws that are similar to those in the home environment d. Controllability of values

a. Unfamiliarity with other cultures

Economic globalization refers to the tendency toward an international integration and independency of which of the following? (Select all that apply.) a. capital b. information c. governments d. goods e. labor f. technology

a. capital b. information d. goods e. labor f. technology

A manager's unfamiliarity with other cultures adds to the ________ of foreign environments. a. complexity b. controllability c. value d. accessibility

a. complexity

Management moving production or other parts of the company's value chain to countries where wages are lower is an example of ______ drivers. a. cost b. political c. competitive d. market

a. cost

A company's managers tend to be most familiar with the forces in the _______. a. domestic environment b. foreign regulatory environment c. international environment d. uncontrollable category

a. domestic environment

The tendency toward international integration and interdependency of goods, technology, information, labor, and capital is called ______. a. economic globalization b. domestication c. free trade d. international business

a. economic globalization

What term refers to direct investments in equipment, structures, and organizations in a foreign country at a level sufficient to obtain significant management control? a. foreign direct investment b. gross national income c. gross national investment d. international monetary fund

a. foreign direct investment

The forces influencing the life and development of the firm are classified into which two categories? a. internal b. unilateral c. multilateral d. external

a. internal d. external

Which of the following markets are appealing to managers who face a mature, saturated market at home? (Check all that apply.) a. markets whose economies are growing rapidly b. markets with a rising population c. markets with governments that are hostile to foreign companies d. markets with a rising gross domestic product per capita

a. markets whose economies are growing rapidly b. markets with a rising population d. markets with a rising gross domestic product per capita

Labor standards in developed nations tend to be _____ than in developing nations. a. more rigorous b. less rigorous c. about the same

a. more rigorous

International businesses differ from domestic businesses in that international businesses must deal with the forces from which three of the following environments? a. interstate b. foreign c. international d. domestic

b. foreign c. international d. domestic

How does the foreign environment operate differently than the domestic environment? (check all that apply) a. Forces in the foreign environment are more easily controlled. b. Forces in the foreign environment are difficult to assess. c. Forces in the foreign environment are interrelated. d. Forces in the foreign environment have different values.

b. Forces in the foreign environment are difficult to assess. c. Forces in the foreign environment are interrelated. d. Forces in the foreign environment have different values.

Which of the following statements are true regarding a transnational corporation? (Check all that apply) a. It is made up of only one entity in a foreign nation. b. It is composed of entities in more than one nation. c. It operates under a decision making system that allows a common strategy. d. It operates under a decision making system that allows coherent policies.

b. It is composed of entities in more than one nation. c. It operates under a decision making system that allows a common strategy. d. It operates under a decision making system that allows coherent policies.

Which of the following factors are contributing to the globalization of business operations? (Check all that apply.) a. The increase in the political barriers to entry in the form of quotas and tariffs b. The privatization of much of the industry in formerly communist nations c. The rapid increase of trade restrictions that limit foreign competition d. The progressive reduction of barriers to trade and foreign investment by governments

b. The privatization of much of the industry in formerly communist nations d. The progressive reduction of barriers to trade and foreign investment by governments

Which of the following factors are contributing to the globalization of business operations? (Check all that apply.) a. The rapid increase of trade restrictions that limit foreign competition b. The privatization of much of the industry in formerly communist nations c. The increase in the political barriers to entry in the form of quotas and tariffs d. The progressive reduction of barriers to trade and foreign investment by governments

b. The privatization of much of the industry in formerly communist nations d. The progressive reduction of barriers to trade and foreign investment by governments

A company investing in a downstream market as a way to protect its existing international business is an example of a ______ driver. a. technological b. competitive c. political d. market

b. competitive

Production, finance, and marketing are all examples of ______ forces. a. external b. controllable c. foreign d. uncontrollable

b. controllable

Which environment refers to all the uncontrollable forces originating outside the home country that surround and influence the firm? a. domestic b. foreign c. multinational d. international

b. foreign

The levels of foreign direct investment and exporting have been ______ in recent years. a. decreasing b. increasing c. remaining the same

b. increasing

Which of the following are contributing to the shift of the world's economic center of gravity back to Asia? (Check all that apply.) a. increased value of the yen b. industrialization in the emerging markets c. underdeveloped markets in undeveloped nations d. rapid urbanization of populations

b. industrialization in the emerging markets d. rapid urbanization of populations

Which of the following foreign forces are especially difficult to assess? (check all that apply) a. technological b. political c. physical d. legal

b. political d. legal

The Black Death is an an example of trade affecting ______. a. economics b. public health c. agriculture d. politics

b. public health

Which of the following are benefits of a globalized product line? (Check all that apply.) a. reduced gross national income b. reduced production costs c. reduced inventory costs d. reduced development costs

b. reduced production costs c. reduced inventory costs d. reduced development costs

Management has no direct control over _______, although it can exert influence over them. a. unchangeable forces b. uncontrollable forces c. domestic forces d. internal forces

b. uncontrollable forces

Foreign business denotes the operations of a company ________. a. within its borders b. within a foreign country c. with a company in a related line of business d. with its domestic business partners

b. within a foreign country

_____ business denotes the operations of a company outside its home market. a. Domestic b. International c. Foreign d. Domicile

c. Foreign

A company defending its home market by entering the competitor's home market is an example of a ______ driver. a. production b. cost c. competitive d. political

c. competitive

New firms, mainly from newly industrialized countries, entering the world markets in computers and electronics is an example of a ______ driver. a. technological b. cost c. competitive d. political

c. competitive

Cable and satellite TV systems in Europe and Asia that allow an advertiser to reach numerous countries is an example of a _______ driver. a. competitive b. political c. market d. technological

d. technological

An OPEC nation investing in filling stations in a foreign country to guarantee a market for its crude oil at a more favorable price is an example of a ______ driver. a. political b. market c. technological d. competitive

d. competitive

Companies internationalizing their operations to guarantee a supply of key raw materials is an example of a ______ driver. a. political b. cost c. market d. competitive

d. competitive

Which of the following is NOT a major driver of internationalization? a. technological drivers b. market drivers c. competitive drivers d. cultural drivers

d. cultural drivers

Sanctions being placed on Russia and Russian companies in response to Russia's actions in Ukraine is an example of: a. forces in the foreign environment being interrelated. b. forces in the foreign environment being easily controlled. c. forces in the foreign environment being difficult to assess. d. forces in the foreign environment having different values.

d. forces in the foreign environment having different values.

According to Theodore Levitt, ______ means selling the same thing in the same way everywhere in the world. a. domestication b. interantionalization c. multidomestication d. globalization

d. globalization

A supplier that moves locations to be closer to an original equipment manufacturer is an example of a _____ driver. a. competitive b. production c. political d. market

d. market

Preferential trading arrangements such as NAFTA and the European Union are ______ drivers. a. competitive b. cost c. market d. political

d. political

A ______ corporation is an enterprise made up of entities in more than one nation, operating under a decision making system that allows a common strategy and coherent policies. a. domestic b. foreign c. intrastate d. transnational

d. transnational