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