Foundations of International Business
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Questions and Answers

What is the term for making, buying, and selling goods and services within a country?

  • Transnational trade
  • Domestic business (correct)
  • Global commerce
  • International business
  • Which country is mentioned as being dependent on other countries for almost all of its oil?

  • Japan (correct)
  • United States
  • Brazil
  • Canada
  • What is the basis of the complex business system in the country mentioned in the text?

  • Specialization (correct)
  • Globalization
  • Industrialization
  • Centralization
  • Which term refers to nations that have extensive production and distribution facilities?

    <p>Industrialized nations</p> Signup and view all the answers

    What historical event led to people depending on others for goods and services?

    <p>Population increase</p> Signup and view all the answers

    True or false: In the early days of Ethiopian Civilization, most families did not grow the food they ate and make the clothes they wore.

    <p>False</p> Signup and view all the answers

    True or false: The country mentioned in the text has a simple business system based on generalization.

    <p>False</p> Signup and view all the answers

    True or false: Nations with extensive production and distribution facilities have complete economic independence.

    <p>False</p> Signup and view all the answers

    True or false: Most business activities take place outside a country's own borders.

    <p>False</p> Signup and view all the answers

    True or false: Purchasing a soft drink made in your own country is considered international business.

    <p>False</p> Signup and view all the answers

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