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What is Global Business?

• Trade in goods and services strictly within national borders

• Business activities that involve cross-border transactions and operations in multiple countries

• Only the export of physical products without services or investment

• Government-to-government aid programs

Why do we study Global Business?

• To understand how cross-border trade and investment shape firms and careers

• To comply with domestic tax filing requirements only

• To learn a single country’s consumer culture exclusively

• To avoid collaborating with international partners

Which of the below is considered exporting?

• A Vietnamese company selling its product to Europe

• A European firm building a factory in Vietnam

• A government imposing a tariff on imports

• A firm licensing its brand domestically

Which of the below is Foreign Direct Investment?

• Investments made for the purpose of actively controlling property, assets, or companies located in host countries

• Purchasing foreign stocks with no intention of control

• Selling goods abroad through independent distributors

• Buying foreign currency for short-term speculation

Why Global Business has grown that much?

• Advances in technology and logistics that lower costs and connect markets

• Declining consumer interest in foreign products

• Universal bans on capital flows

• Elimination of all trade agreements worldwide

Globalization is

• The withdrawal of firms from foreign markets to focus domestically

• The inexorable integration of markets, nation-states, and technologies, enabling individuals, corporations, and nation-states to reach around the world farther, faster, deeper, and cheaper than ever before

• A temporary increase in tourism with no economic implications

• A policy of prohibiting all imports and exports

An Emerging market economy is

• An economy that has completed development and ceased structural change

• An economy that is in the process of becoming a developed economy

• An economy closed to foreign trade and investment by definition

• An economy defined only by population size

Which group is Emerging Market Group?

• OECD & G7

• CIVETS & BRICS

• NAFTA & EU

• OPEC & WTO

Which of the below is NOT a common form of Legal System?

• Common Law

• Civil Law

• Religious Law

• Law of Attraction

An Embargo means

• A comprehensive sanction against all commerce with a given country that may be imposed by countries acting in unison or alone

• A tariff applied to a single product category

• A voluntary export restraint negotiated by firms

• A temporary customs delay with no legal force