International Business: Unit IV - Exports, Imports, and Global Sourcing
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Questions and Answers

What does Global Sourcing refer to in the context of INTERNATIONAL BUSINESS?

  • Utilizing local sources to cut costs
  • Limiting sourcing options to a specific country
  • Identifying the best source of supply regardless of location (correct)
  • Utilizing only domestic suppliers

    • Which of the following is NOT mentioned as a con of Global Sourcing in the text?

  • Local Tariff And Tax
  • Language Barrier
  • Increased Production Capacity (correct)
  • Political Instability

    • What is one of the Pros of Global Sourcing mentioned in the text?

  • Limited Infrastructure
  • Unskilled Workforce
  • High Production Costs
  • Cheaper Cost (correct)

    • Which term refers to the act of selling goods or services to other countries?

    <p>Exporting</p> Signup and view all the answers

    What does Countertrade involve?

    <p>Bartering goods instead of using currency</p> Signup and view all the answers

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