International Business Basics

It involves the production or distribution of goods or services across national borders. (correct)

It requires the establishment of physical offices in multiple countries.

It must be a multinational corporation with operations in at least three countries.

It focuses solely on the import and export of goods, not services.

The merger of multiple national economies into a single global economy.

The establishment of international standards for products and services.

The process of expanding a business to operate in multiple countries.

The development of an integrated global economy marked by free trade, free flow of capital, and the utilization of foreign labor markets. (correct)

To contribute to the economic growth of a nation or region.

To generate profit or income for its owners or shareholders. (correct)

To promote social and environmental responsibility.

To provide employment opportunities for the local community.

<p>The giving of one thing in exchange for another.</p> Signup and view all the answers

<p>To work in a high or top position within the business.</p> Signup and view all the answers