QUIZ CHAPTER 1 AND 3

________is the country in which the selling firm is located.

• Host country

• Home country

• Local country

• Foreign country

What is currency for Korea?

Why you are studying international business?

• better career opportunities

• Increase cultural literacy

• Stay abreast with competitors

• to develop local business successfully

Coca - cola examples of _____________?

• Global corporation

• Transnational company

• Multidomestic company

• World company

Can you name a service that you or your family could use anywhere in the world?

Evaluate responses using AI:

OFF

______________ seeks to combine the benefits of global-scale efficiencies with the benefits of local responsiveness.

• multidomestic companies

• Transnational companies

• Global corporations

• World companies

What is globalization ?

Evaluate responses using AI:

OFF

Why firms adopt globalization ?

• achieve economies of scale

• Create an unique product

• Low competition of local market

• technology advantage

• Increase profit and sales

Investments made for the purpose of actively controlling property, assets, or companies located in foreign host countries is the definition of ________?

what is regional economic integration ?