The changing profile of global business environment

The changing profile of global business environment

University

7 Qs

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The changing profile of global business environment

The changing profile of global business environment

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Tonatiuh Velazquez

Used 3+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _________ exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices:

Command Economy

Market Economy

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________: subcontracting or contracting out of activities to endogenous organizations that had previously been performed by the firm.?

Offshoring

Globalization

Outsourcing

Internationalization

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Major theories of the firm’s international expansion

1.-International

Trade Theory

2.-FDI

3.-Product Life

Cycle

1.-Open economy

2.- GDP

3.- Productivity

1.-Economies of scale

2.- MCS

3.- Standardized product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

increasing Interdependency Among Nations, Diminishing Effectiveness of National Borders and developing Countries Attitude Toward FDI are examples of Changes in Global Business Environment

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Theorists of free trade believe that free world trade will create inequality and high costs due to interconnectivity of economies

True

False

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Hoping to duplicate the success achieved by Japan, Korea, and other Asian nations, many developing countries are:

subcontracting or contracting out activities to endogenous organizations

adopting an export-oriented strategy of economic growth.

Increasing Demand for Capital

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Internalization advantages refer...

to justify the choice of investment location

to the advantages that MNCs can gain by directly controlling their value-creation activities

to move production to low-cost countries.