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Questions and Answers
What are some reasons why global business is important?
What are some reasons why global business is important?
- Increased competition for domestic businesses
- Improved political relations (correct)
- Source of raw materials
- Decreased investment opportunities
Which of the following is NOT a synonym for international business?
Which of the following is NOT a synonym for international business?
- International trade
- Domestic business (correct)
- Global business
- Foreign trade
What is international business?
What is international business?
- The exchange of goods and services between countries
- The economic activity that involves creating, shipping, buying, and selling goods and services across national borders (correct)
- The use of different currencies and international payment methods
- The process of sourcing raw materials from different countries
What does globalization describe?
What does globalization describe?
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What are some benefits of international business?
What are some benefits of international business?
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Which of the following is NOT a driver of globalization?
Which of the following is NOT a driver of globalization?
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What is the main effect of globalization on markets?
What is the main effect of globalization on markets?
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Which of the following is NOT a type of firm in international business?
Which of the following is NOT a type of firm in international business?
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What is the global business environment defined as?
What is the global business environment defined as?
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What is the main purpose of the globalization debate?
What is the main purpose of the globalization debate?
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