International Trade and Agreements Quiz

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Which of the following is a reason why studying International Business (IB) is important?

Most organizations are either international or compete with international companies

What does IB stand for?

International Business

Who performs international business mainly?

Individual firms

What do firms do on an international scale in IB?

<p>Organize, source, manufacture, market, and conduct other value-adding activities</p> Signup and view all the answers

Why do firms seek foreign customers in IB?

<p>To engage in collaborative relationships with foreign business partners</p> Signup and view all the answers

Which of the following is a major objective of Chapter 2 in the text?

<p>Explain the importance of culture in International Business (IB)</p> Signup and view all the answers

What is the main focus of section 2-4 in the text?

<p>The complexities of cross-cultural communications</p> Signup and view all the answers

Why is assessing culture in International Business (IB) tricky?

<p>There are shortcomings in cultural assessments</p> Signup and view all the answers

What is the role of national cultures in understanding culture in International Business (IB)?

<p>They provide a workable definition of culture</p> Signup and view all the answers

Which of the following is NOT a major objective of Chapter 2 in the text?

<p>Recognize the complexities of national cultural formation and change</p> Signup and view all the answers

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