Global Business - Chapter 1.2

International business most commonly affects consumers by creating

• fewer stores to shop in

• a greater variety of buying choices

• fewer buying choices

• a change in taxes

When a company in one country sells its products in another country, these products are

• barriers

• exports

• imports

• embargos

The accepted behaviors, customs, and values of a society are referred to as that society's

• global dependency

• legal and political conditions

• economic conditions

• culture

If two nations are involved in international trade, we can be sure that

• both nations expect to benefit from the trade

• all people in both nations will benefit from the trade

• one nation will benefit from the trade while the other one will be harmed

• both nations benefits equally from the trade

Who is affected by international business?

• All people

• Most people

• Very few people

• I don't know

When a product is assembled in the United States, you can be sure that is is produced by a domestic business.

• True

• False

The four main factors that make up the international business operating environment include each of the following except

• cultural and social factors

• labor unions

• economic conditions

• geography

If a company's headquarters is in the United States, you can be sure that it is a domestic company.

• True

• False

A manager greets foreign customers by calling them by their first names, a practice that is not appropriate until their parties are better acquainted, violates what condition?

• geographic

• economic

• cultural and social

• political and legal

A nation's geographic conditions that contribute to its ability to be successful in international business include

• the leaders of its government

• the river and seaports it possses

• the education of its people

• the factories it has constructed