International Business Environment Quiz

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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?

Frameworks and structures for global operations (A) Signup and view all the answers

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

Government Support (A) Signup and view all the answers

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

Rivalry Among Nations (B) Signup and view all the answers

What is the meaning of International Trade?

Exchange of goods & services between two or more countries (A) Signup and view all the answers

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

Increasing technological advancements (A) Signup and view all the answers

What are some forms of international trade?

Global trade (B) Signup and view all the answers

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

Global Sourcing (A) Signup and view all the answers

What are some criticisms of globalization?

Economic inequality among nations (D) Signup and view all the answers

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

Market Concentration Strategy (B) Signup and view all the answers

What does the political environment in international business refer to?

Type of government, government relationship with a business, and political risk in the country (D) Signup and view all the answers

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

Technological advancements (B) Signup and view all the answers

What does the economic environment in international business encompass?

Factors contributing to a country's appeal for foreign businesses (A) Signup and view all the answers

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

It impacts consumer behavior and business interactions (A) Signup and view all the answers

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

Newly industrializing or emerging economies (D) Signup and view all the answers

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

Technological environment (D) Signup and view all the answers