IB_Overview of International Business

Which of the following best defines international business?

• Business activities that happen only within a country

• Business transactions that cross national borders

• Marketing products locally

• Business conducted by government agencies

Which of the following is an example of international business?

• A local café in Nilai selling coffee

• Petronas exporting oil to Japan

• A small bakery serving the local community

• A pasar malam trader selling clothes

Domestic business involves:

• Dealing with multiple currencies

• Adapting to foreign legal systems

• Operating within one country’s borders

• Managing cultural diversity

Which of the following is an external environment force in international business?

• Capital investment

• Economic environment

• Personnel management

• Production process

The internal environment of international business includes:

• Political systems

• Technological advances

• Marketing strategies

• Cultural differences

Political instability in a foreign country is an example of:

• Internal environment

• External environment

• Financial control

• Domestic strategy

Which of these is a driver of globalization?

• Decreased technology adoption

• Decline in international trade agreements

• Advances in transportation and communication

• Limited access to global capital

Globalization allows businesses to:

• Only operate locally

• Avoid cultural adaptation

• Reach wider markets and customers

• Ignore global competition

What is the main implication of globalization for businesses?

• Reduced competition

• Access to global markets

• Lower cultural diversity

• Decrease in technological innovation

Which of these is an international marketing strategy?

• Selling identical products in every country

• Adapting products to fit local tastes

• Using only one supply chain for all countries

• Avoiding global advertising