International Business Quiz

International Business involve____?

• Transactions between parties from one country

• Transactions between parties from more than one country

• Only exporting goods

• Only importing goods

Which of the following is NOT a reason international business differs from domestic business?

• Social culture

• Legal systems

• Currencies

• Product quality

What is exporting?

• Licensing intellectual property

• Selling products made in one’s own country to another country

• Investing in foreign companies

• Buying products from other countries

What is a Multinational Corporation (MNC)?

• A government organization

• A company that only operates in one country

• A firm that has extensive involvement in international business

• A local business

What is Foreign Direct Investment (FDI)?

• Investment in bonds

• Investment in local businesses

• Investment in stocks

• Investment made to control assets in another country

Which company is an example of a successful MNC?

• Local Bakery

• Apple Inc.

• Neighborhood Grocery Store

• Community Library

What does franchising allow a company to do?

• Invest in foreign companies

• Authorize another firm to use its brand and systems

• Sell its products only in its home country

• Control all operations in foreign countries

What is the main benefit of licensing for a company like Disney?

• To focus on creating content while earning revenue

• To operate retail stores

• To manage hotels

• To sell food products