TUTORIAL 12

Olympic sponsorship is best suited for companies that are ________.

• pursuing a niche market

• selling technological goods

• pursuing a worldwide market

• marketing athletic equipment

________ consist(s) of business transactions between parties from more than one country.

• Currency exports

• International business

• Domestic business

• Global ventures

Which of the following is not an international business transaction?

• purchasing products in one country and assembling them in another

• building a plant in a foreign country to capitalize on lower labor costs

• borrowing money from a major bank to finance capital improvements

• shipping finished products from one country to another for retail sale

The Internet has helped small businesses compete in global markets because it ________.

• allows them to establish a physical presence in each country

• avoids transactions involving foreign exchange

• eliminates price controls

• reduces entry costs

A manager who has cultural literacy can most likely ________.

• speak and read in more than one language

• recognize the similarities and differences of cultures

• develop accurate cultural assessments of foreign colleagues

• function as an expatriate manager in multiple foreign locations

Individuals should most likely study international business to ________.

• comply with graduate school certification requirements

• ensure that an employer has a global online presence

• remain current on the latest business methods

• obtain bilingual business experience

Which of the following has most likely triggered the increase of small businesses involved in international business? 

• e-commerce

• economic recession

• foreign-made materials

• increased cultural literacy

Just-in-time systems were created in ________.

• the United States

• Japan

• Germany

• China

Black and Decker produces tools at a plant in North Carolina and ships the tools to retailers in England. This is an example of which type of international business activity?

• merchandising

• importing

• exporting

• trading

________ is the buying of products made in other countries for use or resale in one's own country.

• Exporting

• importing

• Merchandising

• Transporting