Week 3. Assessing economic and global condition

Economic Growth is the change in the general level of economic activity

• TRUE

• FALSE

Increase in economic growth impact in increasing demand for product. What is the best decision?

• Prepare to reduce production

• Prepare to increase production

• Purchase supplies before price rise

• Lock in financing before interest rates rise

Government expansionary policies increase in demand product, What is the best decision?

• Prepare to reduce production

• Prepare to increase production

• Purchase supplies before price rise

• Lock in financing before interest rates rise

4 commons motives to conduct international business are below, EXCEPT

• Attract foreign demand

• Direct Foreign Investment

• Use Inexpensive resources

• Diversify INternationally

International business can't enhance a firm's performance by increasing its revenue or reducing its expenses.

• TRUE

• FALSE

How to conduct international business are below, EXCEPT

• Importing

• Direct Foreign Investment

• Exporting

• Capitalize on technology

Choose 3 correct answer on How foreign characteristic influence international business

• Culture

• Direct Foreign Investment

• Economic System

• Capitalize on technology

• Exchange rates

Nonverbal communication in different cultures: In the US, displaying the palm of the hand its a form of greeting, such as a wave or handshake.

• TRUE

• FALSE

Nonverbal communication in different cultures: In Arab country, it is okay to show the soles of the feet.

• TRUE

• FALSE

Choose 2 correct answer on correct decision in assessing global condition

• Increase revenue by exporting

• Increase revenue by importing

• Reduce cost of production by importing

• Reduce cost of production by exporting