International Business-Module 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

What is Globalization

• The process of someone trying to take over the world

• When we all do they same thing

• The process by which people their ideas and their activities in different parts of the world become interconnected

• Never heard of it

Examples of Globalization are

• Internet

• Attending lectures by a British professor teaching in an American University

• Selling local products in the global market

• All of the above

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

A US citizen doing business in another country does not have to follow that country's laws.

• True

• False