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WorksheetsIntroduction to International Business & Globalization
Total questions: 10
Worksheet time: 5mins
What is international business?
International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale.
International business refers to a company has economic transactions that are done within the country's geographical limits.
International business refers to privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation.
International business refers to businesses that maintain revenues, assets or a number of employees below a certain threshold.
Globalization defined as...
is the widening set of interdependent relationships among people from different parts of a world divided into nations.
service industries are very common to find on the most profitable small business list.
segmentation in market research to understand consumer behavior.
the sum total of all external and internal factors that influence a business.
The following are the important to study international business...
most companies are either international or compete with international companies
global events and competition affect almost all companies, regardless of industry
understanding of IB helps you make better career decisions
All of these
The following are the forces driving globalization EXCEPT...
increase in and application of technology
growth of consumer pressures
increased global competition
people behaviour
What are the costs of globalization?
Threats to national sovereignty
Economic growth and environmental stress
All of these
Growing income inequality and personal stress
Which of the following NOT example of international company?
Alex Minishop
IBM
Nestle
Benefits of international business is...
more job employment
all of these
increase FDI
variety of goods & services available
A product you buy from another country is considered
export
import
trade barrier
none of these
Why companies engage in international business?
To expand sales
To acquire resources
To diversify or reduce risks
all of these
Modes of operations in international business as below EXCEPT...
licensing
domestic business
FDI
import & export
