Podcast
Questions and Answers
What is the main focus of international business?
What is the main focus of international business?
- Importing goods from other countries
- Developing local markets only
- Conducting business across national borders (correct)
- Expanding businesses within the same country
Why is international experience considered valuable by CEOs?
Why is international experience considered valuable by CEOs?
- It does not reflect independence and resourcefulness
- It limits the opportunities for career growth
- It helps in developing international skills and entrepreneurial qualities (correct)
- It is not relevant to the international business curriculum
What does foreign experience reflect according to the text?
What does foreign experience reflect according to the text?
- Dependence and lack of skills
- Lack of motivation for personal growth
- Inability to adapt to new environments
- Resourcefulness and entrepreneurship (correct)
Why do company executives consider China Starbucks' No. 1 growth market?
Why do company executives consider China Starbucks' No. 1 growth market?
What do uncontrollable forces refer to in the context of international business?
What do uncontrollable forces refer to in the context of international business?
Which of the following is NOT listed as an external force influencing international business?
Which of the following is NOT listed as an external force influencing international business?
What type of forces does management have the ability to administer in international business?
What type of forces does management have the ability to administer in international business?
How can changes in external forces impact controllable forces in international business?
How can changes in external forces impact controllable forces in international business?
What is defined as all the uncontrollable forces originating in the home country that surround and influence the life and development of the firm?
What is defined as all the uncontrollable forces originating in the home country that surround and influence the life and development of the firm?
Why do forces in the foreign environment operate differently than forces in the domestic environment?
Why do forces in the foreign environment operate differently than forces in the domestic environment?
What does the International Environment include interactions between?
What does the International Environment include interactions between?
Why is decision making more complex in the international market according to the text?
Why is decision making more complex in the international market according to the text?
What are some factors that may lead companies to consider nations other than their home country?
What are some factors that may lead companies to consider nations other than their home country?
Why do some businesses choose to go national according to the text?
Why do some businesses choose to go national according to the text?
What is a key argument for globalization according to the text?
What is a key argument for globalization according to the text?
How can going abroad help lower costs for businesses?
How can going abroad help lower costs for businesses?
What concept describes the unconscious reference to one's own cultural values when judging behaviors of others in a new and different environment?
What concept describes the unconscious reference to one's own cultural values when judging behaviors of others in a new and different environment?
What are the three choices international managers have in deciding what to do with a concept or technique employed in domestic operations?
What are the three choices international managers have in deciding what to do with a concept or technique employed in domestic operations?
In the history of international business, which group traded abroad well before the time of Christ?
In the history of international business, which group traded abroad well before the time of Christ?
What stimulated the emergence of an internationally integrated trading system according to the text?
What stimulated the emergence of an internationally integrated trading system according to the text?
