Podcast
Questions and Answers
What is the main goal of a firm to achieve a competitive advantage?
What is the main goal of a firm to achieve a competitive advantage?
- Maximize employee benefits
- Increase sales (correct)
- Reduce workforce
- Minimize costs
Which factor contributes to superior returns in foreign markets compared to domestic markets?
Which factor contributes to superior returns in foreign markets compared to domestic markets?
- Higher competition in foreign markets
- Different customer preferences
- Lower demand in foreign markets
- Diverse market opportunities (correct)
How can a firm maximize its returns in foreign markets?
How can a firm maximize its returns in foreign markets?
- Reduce investments in foreign markets
- Focus only on domestic markets
- Ignore market differences in foreign markets
- Implement tailored strategies for each foreign market (correct)
What is the potential impact of ignoring foreign markets for a firm seeking a competitive advantage?
What is the potential impact of ignoring foreign markets for a firm seeking a competitive advantage?
In what way can focusing solely on maximizing returns in domestic markets be detrimental to a firm?
In what way can focusing solely on maximizing returns in domestic markets be detrimental to a firm?
What are the objectives that international business aims to satisfy?
What are the objectives that international business aims to satisfy?
Which type of risk in international business is associated with a potentially adverse effect on company operations due to developments in the political, legal, and economic environment in a foreign country?
Which type of risk in international business is associated with a potentially adverse effect on company operations due to developments in the political, legal, and economic environment in a foreign country?
What is the special role that science and technology play in international business?
What is the special role that science and technology play in international business?
In international business, what is the primary benefit to participating countries?
In international business, what is the primary benefit to participating countries?
Which type of risk in international business is associated with firms' potential loss or failure from poorly developed or executed business strategies, tactics, or procedures?
Which type of risk in international business is associated with firms' potential loss or failure from poorly developed or executed business strategies, tactics, or procedures?
What does cross-cultural risk refer to in international business?
What does cross-cultural risk refer to in international business?
What unethical practice do some MNEs engage in by establishing factories in countries with low wages and substandard working conditions?
What unethical practice do some MNEs engage in by establishing factories in countries with low wages and substandard working conditions?
Which aspect of the business practices of some MNEs is affected when they disregard labor standards and pay low wages?
Which aspect of the business practices of some MNEs is affected when they disregard labor standards and pay low wages?
What is a consequence of establishing factories with substandard working conditions?
What is a consequence of establishing factories with substandard working conditions?
How do low wages impact the livelihood of workers in the context of MNEs setting up factories?
How do low wages impact the livelihood of workers in the context of MNEs setting up factories?
In what aspect do some MNEs fail when they establish factories in countries with low wages and poor working conditions?
In what aspect do some MNEs fail when they establish factories in countries with low wages and poor working conditions?
What is the primary benefit of working across national cultures according to the text?
What is the primary benefit of working across national cultures according to the text?
Which of the following is NOT mentioned in the text as a benefit of working across national cultures?
Which of the following is NOT mentioned in the text as a benefit of working across national cultures?
What is the primary challenge of working across national cultures?
What is the primary challenge of working across national cultures?
What is the primary implication of the text for managers working across national cultures?
What is the primary implication of the text for managers working across national cultures?
Which of the following best summarizes the main message of the text?
Which of the following best summarizes the main message of the text?
Based on the information provided, what is the approximate number of jobs created for every $7 billion increase in exports?
Based on the information provided, what is the approximate number of jobs created for every $7 billion increase in exports?
If U.S. exports totaled $2.5 trillion last year, approximately how many jobs were created from those exports?
If U.S. exports totaled $2.5 trillion last year, approximately how many jobs were created from those exports?
If one out of every seven dollars of U.S. sales is made abroad, what percentage of U.S. sales is made domestically?
If one out of every seven dollars of U.S. sales is made abroad, what percentage of U.S. sales is made domestically?
If the U.S. economy grew by $500 billion last year, and one out of every seven dollars of sales was made abroad, approximately how much of that growth came from exports?
If the U.S. economy grew by $500 billion last year, and one out of every seven dollars of sales was made abroad, approximately how much of that growth came from exports?
If the U.S. aims to create 1 million new jobs through increased exports, approximately how much would exports need to increase by?
If the U.S. aims to create 1 million new jobs through increased exports, approximately how much would exports need to increase by?
