International Business Environment Quiz

What does International Business refer to?

• Local business transactions

• Only exporting goods to other countries

• Trading services and goods in a worldwide market

• Only importing goods from other countries

What is a key aspect of the International Business Environment?

• Weather patterns

• Cultural differences

• Local cuisine

• Transportation methods

Which of the following is NOT a form of International Business Environment?

• Franchising

• Licensing

• Local partnerships

• Foreign Direct Investment (FDI)

What does the political environment in international business include?

• Government relationships

• Cultural beliefs

• Technological advancements

• Market trends

Which economic category includes newly industrializing economies?

• All of the above

• Emerging economies

• Less developed countries

• Developed countries

What is a significant factor in the technological environment?

• Local market size

• Political stability

• Cultural acceptance of technology

• Weather conditions

Which of the following is a dimension of Hofstede's cultural values?

• Economic growth

• Power distance

• Market competition

• Technological advancement

What does the competitive environment in international business depend on?

• Cultural factors

• Political systems

• Economic conditions

• All of the above

What is one benefit of the International Business Environment?

• Wealth growth and price stability

• Decreased employment opportunities

• Increased isolation of countries

• Reduction in global trade

What is the role of technology in international business?

• It complicates business processes

• It provides a competitive advantage

• It has no impact

• It is only relevant for local businesses