18 Questions
What does international business involve?
International movements of goods, services, capital, personnel, technology, and intellectual property
Which of the following is NOT a nature of international trade discussed in the text?
Dominated By Developing Countries
What is one of the advantages mentioned for international trade in the text?
Increased Revenues
What do international business operating models refer to?
Frameworks and structures for global operations
Which of the following is NOT an importance of international trade according to the text?
Government Support
What is a disadvantage mentioned for international business in the text?
Rivalry Among Nations
What is the meaning of International Trade?
Exchange of goods & services between two or more countries
Which of the following is a force driving globalization and international trade?
Increasing technological advancements
What are some forms of international trade?
Global trade
Which strategy involves sourcing products globally and its impact on Indian industries?
Global Sourcing
What are some criticisms of globalization?
Economic inequality among nations
Which market entry strategy involves selecting a specific country to focus on for international business?
Market Concentration Strategy
What does the political environment in international business refer to?
Type of government, government relationship with a business, and political risk in the country
Which factor contributes to a country's attractiveness for foreign businesses?
Technological advancements
What does the economic environment in international business encompass?
Factors contributing to a country's appeal for foreign businesses
Why is the cultural environment considered one of the critical components of international business?
It impacts consumer behavior and business interactions
In which type of economy are countries like India and China often categorized?
Newly industrializing or emerging economies
What do factors like materials & machines used in manufacturing goods relate to in international business?
Technological environment
Test your knowledge on the political and economic environments in international business. Learn about government types, relationships, political risks, and economic factors that impact global business operations.
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