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Chapter 1: An overview of International Business

Chapter 1: An overview of International Business

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Business

University

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NOR ALI

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1 Slide • 6 Questions

1

Chapter 1: An overview of International Business

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2

Multiple Choice

________ consist(s) of business transactions between parties from more than one country.

1

Currency exports

2

International business

3

Domestic business

4

Global ventures

3

Multiple Choice

Which of the following is not an international business transaction?

1

purchasing products in one country and assembling them in another

2

building a plant in a foreign country to capitalize on lower labor costs

3

borrowing money from a major bank to finance capital improvements

4

shipping finished products from one country to another for retail sale

4

Multiple Choice

________ is the buying of products made in other countries for use or resale in one's own country.

1

Exporting

2

Importing

3

Merchandising

4

Transporting

5

Multiple Choice

The integration of markets, nation-states, and technologies in a way that is enabling individuals, corporations, and nation-states to reach around the world farther, faster, deeper, and cheaper than ever before is referred to as ________.

1

international business organization

2

market internationalization

3

economic integration

4

globalization

6

Multiple Choice

International nonprofit organizations are called ________.

1

multinational corporations

2

multinational organizations

3

multinational enterprises

4

multinational nonprofits

7

Multiple Choice

International nonprofit organizations are called ________.

1

multinational corporations

2

multinational organizations

3

multinational enterprises

4

multinational nonprofits

Chapter 1: An overview of International Business

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