International Business

All of the following are benefits of international business except

• expanded business opportunities
• increased sources of raw materials
• decreased competition
• improved political relationships

All business activities needed to create, ship, and sell goods and services across national borders are considered to be 

• domestic business
• international business
• global dependency
• none of these

Making, buying, and selling goods and services within a country is called

• international business
• global dependency
• domestic business
• none of these

International business involves the buying and selling of products or services between countries.

• True
• False

An example of global dependency is when products are produced and used in the same country.

• True
• False

An example of domestic business is when a person living in Canada buys  a product made in Germany.

• True
• False

Historically, international business

• is a relatively new concept made possibly by communications technolgy
• probably occurred as long as 15,000 years ago
• declined when European countries created colonies on other continents
• none of these

All business activities needed to create, ship, and sell goods and services across national borders are considered to be 

• domestic business
• international business
• global dependency
• none of these

A global dependency exists when

• massive crop failures require buying food from another country
• a country buys tools from another country because it does not have the technology to make the tools
• doctors travel to another country to provide healthcare because there is a shortage of medically-trained professionals in that country
• all of these

It is rude to write on a Japanese business card.

• True
• False