International Business Chapter 1

A person living in Canada buys a product made in Germany. Example of:

• Domestic Business

• International Business

• Home Country

• Host Country

T or F: Products sold by companies in the U.S. to customers in India are imports?

• True

• False

Expanding to international business will create more jobs

• True

• False

Making, buying and sellingg goods and services within a country is called:

• International Business

• Global Dependency

• Domestic Business

• None of these

All business activities needed to create ship and sell goods across national borders:

• International Business

• Global Dependency

• Domestic Business

• None of these

A product you buy from another country is considered:

• Import

• Export

• Trade Barrier

• None of these

A product a seller is selling in a different country is considered:

• Import

• Export

• Trade Barrier

• None of these

Historically, international business:

• Is a new thing

• Started about 15,000 years ago

• Declined with expansion of countries

• None of these

any activity that seeks profit from selling goods and services to others.

• Global

• Business

• Domestic company

• Dependence

The concept that all countries depend on each other

• Individualism

• Global dependence

• International Business

• Inter-relational business