International Business, Chapter 1 Globalization

Any commercial transaction that crosses the borders of two or more nations is known as

• international business

• global manufacturing

• domestic marketing

• market segmentation

Goods and services purchased abroad and brought into a country are called ________.

• gross domestic products

• gross national products

• imports

• exports

A business that has direct investments (in the form of marketing or manufacturing subsidiaries) abroad in several countries is called a ________.

• shell corporation

• multinational corporation

• domestic corporation

• shell corporation

________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.

• Globalization

• Privatization

• Decentralization

• Heterogenization

The US imports the most from this country

• China
• Japan
• Canada
• England

The US exports the most products to this country:

• China
• Japan
• Canada
• England

A large company such as McDonalds that has operations in more than one country.

• Domestic Corporation

• Multinational Corporation

• Foreign Corporation

• State Corporation

A three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States that took effect in 1989.

• The UN

• NAFTA

• NATO

• IMF

Underdeveloped nations tend to trade what type of goods?

• Low skill products

• High tech goods

• finished products

• High skill products

Which type of situational analysis concentrates specifically on competitor based challenges and activities?

• Porter's 5 Forces
• SWOT
• 3C
• 5C