Chap 1 (gap filling)

A ______________  is an organization that attempts to standardize operations worldwide in all functional areas.

A ____________, by contrast, is an organization with multi-country affiliates, each of which formulates its own business strategy based on perceived market differences.

The term ____________ is often used to refer to both global and multidomestic firms.

Following are the five change-based drivers that are leading international firms to globalize their operations, with an example for each kind: (4) ______________ —preferential trading agreements, technological— (5) ________________ in communications technology, market—global firms become global customers, cost—globalization of product lines and production helps reduce costs by achieving (6) ____________, and competitive—firms are defending their home markets from (7) _____________ by entering the foreign competitors' markets.

(4) is:

Following are the five change-based drivers that are leading international firms to globalize their operations, with an example for each kind: (4) ______________ —preferential trading agreements, technological— (5) ________________ in communications technology, market—global firms become global customers, cost—globalization of product lines and production helps reduce costs by achieving (6) ____________, and competitive—firms are defending their home markets from (7) _____________ by entering the foreign competitors' markets.

(5) is:

Following are the five change-based drivers that are leading international firms to globalize their operations, with an example for each kind: (4) ______________ —preferential trading agreements, technological— (5) ________________ in communications technology, market—global firms become global customers, cost—globalization of product lines and production helps reduce costs by achieving (6) ____________, and competitive—firms are defending their home markets from (7) _____________ by entering the foreign competitors' markets.
(6) is:

Following are the five change-based drivers that are leading international firms to globalize their operations, with an example for each kind: (4) ______________ —preferential trading agreements, technological— (5) ________________ in communications technology, market—global firms become global customers, cost—globalization of product lines and production helps reduce costs by achieving (6) ____________, and competitive—firms are defending their home markets from (7) _____________ by entering the foreign competitors' markets.
(7) is:

International business differs from its domestic counterpart in that it involves three environments—domestic, foreign, and international—instead of one. Although the kinds of forces are the same in the domestic and foreign environments, their values often differ, and changes in the values of foreign forces are at times more difficult to assess. The international environment is defined as the (8) ________________ between the domestic environmental forces and the foreign environmental forces and between the foreign environmental forces of two countries when an (9) ________________ in one country does business with customers in another. An international business model helps explain this relationship.

(8) is:

International business differs from its domestic counterpart in that it involves three environments—domestic, foreign, and international—instead of one. Although the kinds of forces are the same in the domestic and foreign environments, their values often differ, and changes in the values of foreign forces are at times more difficult to assess. The international environment is defined as the (8) ________________ between the domestic environmental forces and the foreign environmental forces and between the foreign environmental forces of two countries when an (9) ________________ in one country does business with customers in another. An international business model helps explain this relationship.

(9) is:

The (10) ________________ is composed of all the uncontrollable forces originating in the home country that influence the firm's life and development. The (11) ________________ is composed of all the forces originating outside the home country that influence the firm. The (12) ________________ is the interaction between the domestic and foreign environment forces or between sets of foreign environmental forces.

(10) is: