International Business Concepts Quiz

<p>Emerging markets with significant economic growth potential (B)</p> Signup and view all the answers

<p>Diverse values and varying infrastructure (A)</p> Signup and view all the answers

<p>PEST analysis (A)</p> Signup and view all the answers

<p>Ability to share profits readily (B)</p> Signup and view all the answers

<p>To tap into markets with large growing middle classes (D)</p> Signup and view all the answers

<p>Decreased paper news sales but increased online subscriptions (A)</p> Signup and view all the answers

<p>Fewer suppliers give them more power and control prices (B)</p> Signup and view all the answers

<p>Makes the industry more attractive (A)</p> Signup and view all the answers

<p>Emphasis on current power relationships (C)</p> Signup and view all the answers

<p>Due to rapid technology changes affecting industries (A)</p> Signup and view all the answers

<p>Planning business (A)</p> Signup and view all the answers

<p>Lack of record keeping (A)</p> Signup and view all the answers

<p>Inability to adapt to technological changes (A), Neglecting online sales opportunities (C)</p> Signup and view all the answers

<p>Higher prices due to geographical complexity (A)</p> Signup and view all the answers

<p>Connectivity with global counterparts (C)</p> Signup and view all the answers

<p>Complexity of managing supply chains (B)</p> Signup and view all the answers

<p>Localization (A)</p> Signup and view all the answers

<p>Rethinking long and complex supply chains (C)</p> Signup and view all the answers

<p>Proper budgeting ensures informed spending (C)</p> Signup and view all the answers

<p>Long-term profitability risks (B)</p> Signup and view all the answers

<p>Triple Bottom Line (B)</p> Signup and view all the answers

<p>Marketing strategies (A)</p> Signup and view all the answers

<p>No widely agreed upon measurement standards (A)</p> Signup and view all the answers

<p>They drive profitability by building trust. (C)</p> Signup and view all the answers

<p>To report on social responsibility progress. (C)</p> Signup and view all the answers

<p>Socially conscious investors (D)</p> Signup and view all the answers

<p>Net zero carbon impact (D)</p> Signup and view all the answers

<p>They promote consistency in measuring ESG matters. (A)</p> Signup and view all the answers

<p>To put plans into action by arranging resources and people (B)</p> Signup and view all the answers

<p>Technical skills (D)</p> Signup and view all the answers

<p>Enhanced information sharing and decision-making (D)</p> Signup and view all the answers

<p>Safety (B)</p> Signup and view all the answers

<p>Autocratic (B)</p> Signup and view all the answers

<p>Employee disempowerment and reduced job satisfaction (D)</p> Signup and view all the answers

<p>To drive the company towards its vision and support company culture (D)</p> Signup and view all the answers

<p>Collapsing hierarchies to reduce middle management levels (C)</p> Signup and view all the answers

<p>Setting goals but allowing employees freedom in achieving them (D)</p> Signup and view all the answers

<p>Interpersonal skills for relationship management (A)</p> Signup and view all the answers

<p>Implementing open-concept spaces (B)</p> Signup and view all the answers

<p>Democratic (D)</p> Signup and view all the answers

<p>It is essential for fostering employee engagement (B)</p> Signup and view all the answers

<p>Maintaining and growing market share (C)</p> Signup and view all the answers

<p>Streamlining processes and developing a growth strategy (B)</p> Signup and view all the answers

<p>Access to an established customer base and reputation (D)</p> Signup and view all the answers

<p>Lack of control over product and operational decisions (A)</p> Signup and view all the answers

<p>Offer support in various operational aspects and networking (D)</p> Signup and view all the answers

<p>Angel investors (A)</p> Signup and view all the answers

<p>Ability to gauge customer interest in an idea (D)</p> Signup and view all the answers

<p>Supporting small and medium-sized companies through financing and advice (C)</p> Signup and view all the answers

<p>To benefit from a structured environment and community support (C)</p> Signup and view all the answers

<p>Tasks customers want to accomplish, obstacles faced, and desired outcomes (B)</p> Signup and view all the answers

<p>Train and recognize employees while delegating tasks (B)</p> Signup and view all the answers

<p>Who the original owner was (B)</p> Signup and view all the answers

<p>Requirements for royalty and fee payments (C)</p> Signup and view all the answers

<p>Projects typically asking for $10,000 or less (C)</p> Signup and view all the answers

Poor management, insufficient funds, inadequate planning, pricing errors, lack of record-keeping, and a lack of knowledge about business cycles or industry costs.

Conducting thorough research and creating a documented strategy for the business.

Analyzing customers' backgrounds, interests, and behaviors to guide product design and marketing.

Strategies for recruiting, onboarding, developing, compensating, and appraising employee performance.

Maintaining detailed records of all transactions using accounting systems to support informed decision-making.

Large companies may fail due to not understanding their customer base and adapting to new technologies.

Globalization leads to a broader range of product options for consumers.

Technology facilitates global communication with customers and business partners.

Increased connectivity expands business reach to a global network of customers.

Globalization may slow down due to supply disruption, but some countries may develop their manufacturing and technology capabilities.

A long-term partnership between two or more companies to boost competitiveness in the market.

Investing in and operating a business in a foreign country.

A company located in a foreign country that is owned by another company (parent company).

Acronym for Brazil, Russia, India, China, and South Africa, countries showing potential for significant growth.

A framework for evaluating opportunities by examining political, economic, social, and technological factors in a market.

Difficulties in international trade due to varying levels of development, values, infrastructure, and business practices across nations.

Countries with high economic growth potential and significant populations.

The act of seizing foreign assets or businesses by a host country.

The ability of suppliers to influence the price of their goods or services, often due to limited supply options or high demand.

The ability of buyers to negotiate lower prices or higher quality goods/services, often due to having multiple supplier options.

Analyzes how suppliers' influence on prices impacts an industry's profitability and competitive landscape.

Examining how buyers can influence prices and industry attractiveness, often through their ability to switch suppliers.

Newspaper companies adapted to online platforms, leading to decreased print sales and increased online subscriptions.

A process where a company evaluates and reports on its progress towards social responsibility goals. It's not mandatory, but companies may choose to do it to demonstrate their commitment to social responsibility.

A framework for reporting a company's performance on social, environmental, and economic aspects. It's a voluntary approach that goes beyond just financial profits.

There are no widely agreed upon measurement standards for comparing TBL reports across companies, making it difficult to objectively assess their performance. Additionally, TBL reporting can be subjective and self-serving.

Groups like socially conscious investors, environmentalists, and customers are pushing companies to be more transparent about their social and environmental impact.

A designation awarded to businesses that meet high standards for social and environmental performance, accountability, and transparency. It's like a seal of approval for ethical business practices.

Tentree, a company focused on sustainability, has achieved a B impact score of 136.2, indicating a strong commitment to social and environmental responsibility.

Ensuring that company decisions are aligned with its purpose and values. This means making choices that support its overall mission, not just short-term profits.

Accounting and finance professionals can play a crucial role in bringing more consistency and comparability to measuring and reporting on ESG (Environmental, Social, and Governance) matters, making it easier to assess company performance on these factors.

Developing plans to handle situations that deviate from expected outcomes, considering both the severity and likelihood of the deviation.

The management process of putting plans into action by arranging resources and people to achieve company goals.

The framework that defines the roles, responsibilities, and relationships within an organization.

The ability to understand and analyze complex situations, seeing the big picture and making strategic decisions.

Interpersonal abilities to effectively communicate, build relationships, and work with others.

The knowledge and ability to perform specific tasks related to a job or profession.

The top executive positions in a company, including CEO, CFO, COO, CIO, and CMO.

A new C-suite role focused on managing and developing human capital within an organization.

Teams composed of members from different departments or areas of expertise, working together on a specific project.

A psychological theory proposing that humans are motivated to satisfy a hierarchy of needs, starting with basic physiological needs and progressing towards self-actualization.

A leadership style where the leader makes decisions without consulting others.

A leadership style where the leader works collaboratively with employees to make decisions.

A leadership style where the leader sets goals but allows employees to complete them independently.

The intrinsic drive and passion that motivates leaders to inspire and guide others toward achieving goals.

Characteristics and qualities commonly associated with successful leaders, such as ambition, cognitive ability, self-confidence, integrity, and leadership motivation.

A stage where a business focuses on maintaining or expanding market share and ensuring financial stability. They may also consider exit strategies.

A plan that outlines the steps and actions a company will take to achieve its growth objectives.

Allocating resources, such as money, equipment, and materials, to support the expansion of the business.

Investing in training, recognition, and rewarding employees to enhance their skills and performance. This helps improve overall productivity.

Acquiring a pre-established business with existing customers, supplier relationships, and a reputation.

A thorough investigation into a business before purchasing it. This includes examining financial records, agreements, and assessing potential issues.

A business model where a franchisor grants the right to operate a business using their brand, products, and systems to a franchisee.

A contractual agreement between a franchisor and franchisee outlining responsibilities, standards, and financial terms.

A supportive environment that provides resources and guidance to early-stage businesses.

A government-backed institution providing financing and advisory services to small and medium-sized businesses.

An individual who invests personal wealth in early-stage businesses with high growth potential.

A professional investor who invests in established businesses with potential for significant returns.

A method of raising capital from a large number of individuals online.

The unique benefits or value a company offers to customers that sets it apart from competitors.

A strategic tool that visualizes and analyzes a business's key elements, including value proposition, customer segments, revenue streams, and cost structure.