Introduction to International Business
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Questions and Answers

International business involves transactions between parties in one country only.

False

Globalization is a process that extends relationships among nations, people, firms, organizations, and governments.

True

The globalization of markets leads to distinct and separate national markets merging into one global market.

True

Globalization of production involves firms sourcing goods and services only from within their own country.

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

Firms engage in international business to avoid globalization processes.

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

Most companies are not international or do not compete with international companies.

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

International business does not require customization of product features, marketing strategies, and operating practices.

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

One of the factors contributing to the fast growth of international business is decreasing global competition.

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

International business involves only governmental business relationships across political boundaries.

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

International Business Management requires the same knowledge and skills as normal business expertise.

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

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