MBS > Int Bus > Ch1: Globalization

MBS > Int Bus > Ch1: Globalization

University

20 Qs

quiz-placeholder

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MBS > Int Bus > Ch1: Globalization

MBS > Int Bus > Ch1: Globalization

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Max Barahona

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20 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

domestic marketing

market segmentation

international business

global manufacturing

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

gross domestic products

exports

gross national products

imports

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Olive oil prepared in a small Italian oil press factory and sold by large supermarkets in the United States is an example of a ________.

net national product

U.S. export

U.S. import

gross domestic product

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following terms applies to the sale of a particular brand of jeans manufactured in the U.S. and sold in Canadian stores?

exporting

outsourcing

insourcing

importing

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The rise of a new international entity called the ________ suggests that any company, regardless of age, experience, and resources, can engage in international business.

transnational corporation

multinational corporation

born global firm

global firm

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

________ is an effective alternative to traditional distribution channels for firms that sell digitized products.

Dual licensing

Electronic distribution

Visual merchandising

Digital switchover

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Globalization is characterized by ________.

the demise of democracy within a nation

national boundaries becoming less relevant

the fortification of trade barriers

rigid foreign relations policies

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