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Questions and Answers
What is the main focus in international business?
What is one of the key differences between international business and domestic business?
What does globalization of markets refer to?
Which activity involves the exchange of products & services across national borders?
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Who typically performs international business activities?
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What does international trade involve?
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Which factor can complicate business planning and pricing of inputs and finished goods in many countries?
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What risk involves the general risk of unfavorable exchange rate fluctuations?
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Which factor can be reduced by improving business strategy and tactics according to the text?
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What should be avoided to reduce commercial risk according to the text?
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Which factor involves the lack of legal safeguards for intellectual property rights?
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What is relatively acceptable in some African countries but generally unacceptable in Sweden?
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What is the main purpose of MERCOSUR?
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How many full members are part of MERCOSUR?
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Which economic bloc is not mentioned in the text?
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What does MERCOSUR provide for its members?
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How does regional integration benefit companies within economic blocs?
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Which two countries are a part of the Closer Economic Relations Agreement (CER)?
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What is one of the societal consequences of market globalization mentioned in the text?
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Which factor is not mentioned as a driver of market globalization in the text?
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How can market globalization impact national culture according to the text?
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What may interfere with governments' control over their own economies and social-political systems, as mentioned in the text?
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Which company is cited as an example of being bigger than the economies of many nations in the text?
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How does global competition impact multinational enterprises (MNEs) according to the text?
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What is a key difference between international business and domestic business?
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What is the major risk arising from differences in language, lifestyle, attitudes, customs, and religion in international business?
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What is Foreign Direct Investment (FDI) primarily about?
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Where does Toyota source many parts for its cars from when manufacturing in Japan?
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Which type of investment involves passive ownership of foreign securities?
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