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Test your knowledge of international business and the impact of global expansion...

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Test your knowledge of international business and the impact of global expansion...

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Questions and Answers

Which of the following is a type of transaction in international business mentioned in the text?

Regional franchising

Local direct investment

Export-import trade (correct)

National management contracts

What does international business facilitate, according to the text?

Limitation of consumer choices

Mobility of labor, capital, and technology (correct)

Centralization of resources

Reduction of employment opportunities

Which of the following is a type of company mentioned as going global in the text?

Domestic furniture companies

Regional clothing companies

Art, film, and music companies (correct)

Local food companies

What does international business cause to flow across the world, according to the text?

Ideas, services, and capital Signup and view all the answers

What does international business offer consumers?

New choices Signup and view all the answers

What are the different types of firms mentioned in the text that are going global?

Manufacturing firms, service companies (i.e. banks, insurance, consulting firms), art, film, and music companies Signup and view all the answers

What are the objectives of individuals, companies, and organizations that international business transactions aim to satisfy?

The objectives of individuals, companies, and organizations that international business transactions aim to satisfy Signup and view all the answers

List the different types of transactions that are part of international business as mentioned in the text.

Export-import trade, foreign direct investment, licensing, franchising, management contracts Signup and view all the answers

What factors should be considered in determining how an idea, good, or service will fit into the international market?

How an idea, good, or service will fit into the international market should be determined by considering the factors mentioned in the text Signup and view all the answers

What should be the consideration when deciding whether to use trade or investment to enter a foreign market?

The consideration when deciding whether to use trade or investment to enter a foreign market should be based on the factors mentioned in the text Signup and view all the answers