International Business Chapter 1: Globalization of Sports

More people watching sports tournaments on television and attending them

To find and develop the most talented athletes

Merchandise sales with their logos

<p>To seek income opportunities outside their home countries</p> Signup and view all the answers

<p>They have more opportunities for international endorsements and higher salaries</p> Signup and view all the answers

<p>They face increased competition for spots on teams</p> Signup and view all the answers

<p>They influence how and if international business takes place</p> Signup and view all the answers

<p>Legal agreements between countries</p> Signup and view all the answers

<p>To better understand the interpersonal norms of people in foreign countries</p> Signup and view all the answers

<p>Why countries exchange goods and services</p> Signup and view all the answers

<p>International law</p> Signup and view all the answers

<p>Because they vary among countries</p> Signup and view all the answers

<p>Conservation of natural resources</p> Signup and view all the answers

<p>Minimizing costs to the losers</p> Signup and view all the answers

<p>To acquire resources and expand sales</p> Signup and view all the answers

<p>Profits going disproportionately to top executives</p> Signup and view all the answers

<p>Increased personal stress and insecurity</p> Signup and view all the answers

<p>Expanding sales and acquiring resources</p> Signup and view all the answers

<p>They gain generous sums to endorse their products, and successful teams can make more money on merchandise than from TV rights and sponsorships combined.</p> Signup and view all the answers

<p>It has opened up new opportunities for them to earn higher salaries and endorsements, allowing them to become global icons and brands.</p> Signup and view all the answers

<p>They are willing to pay more money to teams and tournaments that can attract a large audience, as they can then promote their products to a global market.</p> Signup and view all the answers

<p>It has made it more difficult for them to compete with star athletes, potentially leading to lower salaries and fewer opportunities.</p> Signup and view all the answers

<p>The ability to broadcast games and tournaments globally through satellite television, and the popularity of famous athletes and teams.</p> Signup and view all the answers

<p>They are seeking income opportunities outside their home countries, and foreign investors can provide the necessary capital to support their global expansion.</p> Signup and view all the answers

<p>International agreements determine international law, which affects how earnings are taxed by all jurisdictions.</p> Signup and view all the answers

<p>Managers need to study anthropology, psychology, and sociology to better understand interpersonal norms in foreign countries.</p> Signup and view all the answers

<p>Economic policies influence international business by affecting exchange of goods and services, capital and people movement, and currency values.</p> Signup and view all the answers

<p>Businesses need to consider the differences in laws and their enforcement because they affect a firm's foreign operations.</p> Signup and view all the answers

<p>Economic forces explain why countries exchange goods and services and why capital and people move among countries.</p> Signup and view all the answers

<p>Government leaders influence the process of international business through their political policies.</p> Signup and view all the answers

<p>Globalization has affected the career of a star athlete by providing opportunities to play in international leagues and compete against athletes from other countries.</p> Signup and view all the answers

<p>A challenge facing athletes in the globalized sports industry is the impact of globalization on their careers, including increased competition and uncertainty.</p> Signup and view all the answers

<p>Globalization has contributed to an increase in sponsorship and advertising revenue for sports teams by opening up new markets and opportunities for teams to attract foreign investors and sponsors.</p> Signup and view all the answers

<p>Sports teams search for athletes globally to access a larger pool of talent and increase their competitiveness.</p> Signup and view all the answers

<p>The globalization of professional sports has affected the career of a star athlete by providing new opportunities for them to play in international leagues and increase their earnings.</p> Signup and view all the answers

<p>Physical factors, Institutional factors, and Competitive factors</p> Signup and view all the answers

<p>They impact market demand and workforce availability</p> Signup and view all the answers

<p>It helps determine the location, quantity, quality, and availability of natural resources and conditions</p> Signup and view all the answers

<p>To gain financial benefits</p> Signup and view all the answers

<p>It has created new opportunities and challenges for athletes</p> Signup and view all the answers

<p>They provide revenue and support to sports teams and leagues</p> Signup and view all the answers

<p>Satellite television broadcasts that enable fans to watch top players and teams from almost anywhere on earth</p> Signup and view all the answers

<p>Forsaking home country allegiances in pursuit of higher salaries</p> Signup and view all the answers

<p>To increase their sponsored revenue and advertising revenue</p> Signup and view all the answers

<p>The desire to seek income opportunities outside their home countries</p> Signup and view all the answers

<p>It has provided them with more opportunities to play for teams and leagues globally and increase their salaries</p> Signup and view all the answers

<p>The ability to attract a large audience through television broadcasts and attendance</p> Signup and view all the answers

<p>Firms seek foreign markets to minimize cyclical effects on sales and profits, and to counter competitors' advantages. They gain export earnings, diversify their revenue streams, and minimize dependence on domestic markets.</p> Signup and view all the answers

<p>Merchandise exports and imports consist of tangible products, while service exports and imports consist of intangible products, such as tourism, transportation, and service performances.</p> Signup and view all the answers

<p>Firms receive export earnings from service performances in the form of fees paid by foreign clients for services such as banking, insurance, rental, engineering, and management contracts.</p> Signup and view all the answers

<p>Asset use involves firms receiving export earnings from allowing foreign clients to use their assets, such as trademarks, patents, copyrights, and other expertise, in the form of royalties.</p> Signup and view all the answers

<p>Foreign investments in sports provide sports teams and leagues with access to new revenue streams, increased sponsorship and advertising revenue, and financial benefits from partnering with famous athletes and teams.</p> Signup and view all the answers

<p>Athlete migration refers to the movement of athletes across countries to pursue career opportunities, and it has implications for international business, including the creation of new revenue streams and the globalization of sports.</p> Signup and view all the answers

<p>Ascribed Membership</p> Signup and view all the answers

<p>It influences a person's class and status</p> Signup and view all the answers

<p>By ascribed and acquired membership</p> Signup and view all the answers

<p>Cultural attitudes and values</p> Signup and view all the answers

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

<p>Country-by-country attitudes towards ethnicity</p> Signup and view all the answers

<p>To upgrade the economic position of Malays</p> Signup and view all the answers

<p>Small family-run companies have difficulty expanding beyond the family</p> Signup and view all the answers

<p>The barriers to employment based on gender</p> Signup and view all the answers

<p>Age and wisdom are correlated</p> Signup and view all the answers

<p>The relative demand for female employees is also increasing</p> Signup and view all the answers

<p>China and southern Italy</p> Signup and view all the answers

<p>The allowance of men and women to mix in the workplace</p> Signup and view all the answers

<p>Meeting government requirements and satisfying local consumers</p> Signup and view all the answers

<p>The emphasis on traditional values and the adoption of Western business practices</p> Signup and view all the answers

<p>The taking advantage of the contrasts and contradictions in the country's culture and business practices</p> Signup and view all the answers

<p>The strict adherence to Islamic law</p> Signup and view all the answers

<p>The importance of understanding local attitudes towards work</p> Signup and view all the answers