5 Questions
What is the primary characteristic of an international business?
It involves the production or distribution of goods or services across national borders.
Which of the following best describes the concept of globalization?
The development of an integrated global economy marked by free trade, free flow of capital, and the utilization of foreign labor markets.
What is the primary purpose of a business?
To generate profit or income for its owners or shareholders.
Which of the following best defines the term "trade"?
The giving of one thing in exchange for another.
What is the role of a businessman in a business?
To work in a high or top position within the business.
Test your knowledge of the fundamental concepts of international business, including trade, profit generation, and cross-border transactions.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
