Quiz on Global Marketplace and the Environment

What is a focal firm in international business?

• A firm that only provides logistics services

• A firm that only sells products online

• A firm that initiates international business transactions

• A firm that only operates locally

Which of the following is an example of a multinational enterprise (MNE)?

• A small family-owned restaurant

• A regional grocery store

• A local bakery

• A large company listed on the Fortune Global 500

What role do distribution channel intermediaries play?

• They regulate international trade

• They manufacture products

• They provide logistics and marketing services

• They only sell products online

What is a key characteristic of small and medium-sized enterprises (SMEs) in international business?

• They only operate in one country

• They have more bureaucracy than large firms

• They are less flexible and innovative

• They often target global market niches

Which of the following is NOT a type of distribution channel intermediary?

• Distributor

• Manufacturer's representative

• Agent

• Government

What is one of the driving forces behind globalization?

• Increased local trade barriers

• Reduced technological change

• Improved transportation

• Decreased cultural exchange

How has cultural exchange contributed to globalization?

• By limiting the spread of technology

• By promoting local customs only

• By sharing cultural beliefs and practices

• By reducing international travel

What is a significant impact of improved transportation on international business?

• It increases the cost of shipping

• It allows for quicker movement of people and products

• It makes it harder to transport goods

• It limits access to foreign markets

Which country is mentioned as an example of inviting foreign direct investment?

• Germany

• Brazil

• China

• United States

What is a challenge in the global business environment?

• Uniform legal systems across countries

• Cultural differences in communication

• Similar economic conditions worldwide

• Standardized business practices