International Business Environment Quiz
18 Questions
3 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does international business involve?

  • Movement of goods, services, and personnel only
  • Movement of goods, services, and capital only
  • Only the movement of goods and services
  • International movements of goods, services, capital, personnel, technology, and intellectual property (correct)

    • Which of the following is NOT a nature of international trade discussed in the text?

  • Sensitive Nature
  • International Restrictions
  • Benefits To Participating Countries
  • Dominated By Developing Countries (correct)

    • What is one of the advantages mentioned for international trade in the text?

  • Economic Dependence
  • Mis-Utilization Of Natural Resources
  • Increased Revenues (correct)
  • Language Barriers

    • What do international business operating models refer to?

    <p>Frameworks and structures for global operations</p> Signup and view all the answers

    Which of the following is NOT an importance of international trade according to the text?

    <p>Government Support</p> Signup and view all the answers

    What is a disadvantage mentioned for international business in the text?

    <p>Rivalry Among Nations</p> Signup and view all the answers

    What is the meaning of International Trade?

    <p>Exchange of goods &amp; services between two or more countries</p> Signup and view all the answers

    Which of the following is a force driving globalization and international trade?

    <p>Increasing technological advancements</p> Signup and view all the answers

    What are some forms of international trade?

    <p>Global trade</p> Signup and view all the answers

    Which strategy involves sourcing products globally and its impact on Indian industries?

    <p>Global Sourcing</p> Signup and view all the answers

    What are some criticisms of globalization?

    <p>Economic inequality among nations</p> Signup and view all the answers

    Which market entry strategy involves selecting a specific country to focus on for international business?

    <p>Market Concentration Strategy</p> Signup and view all the answers

    What does the political environment in international business refer to?

    <p>Type of government, government relationship with a business, and political risk in the country</p> Signup and view all the answers

    Which factor contributes to a country's attractiveness for foreign businesses?

    <p>Technological advancements</p> Signup and view all the answers

    What does the economic environment in international business encompass?

    <p>Factors contributing to a country's appeal for foreign businesses</p> Signup and view all the answers

    Why is the cultural environment considered one of the critical components of international business?

    <p>It impacts consumer behavior and business interactions</p> Signup and view all the answers

    In which type of economy are countries like India and China often categorized?

    <p>Newly industrializing or emerging economies</p> Signup and view all the answers

    What do factors like materials & machines used in manufacturing goods relate to in international business?

    <p>Technological environment</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser