What is the definition of multinational?

What is archaic globalization?

The idea suggesting that two currencies are equal when their buying power is equal is _____.

This term deals with the rate at which one currency can be exchanged for another.

The economic principle of a currency’s exchange rate being exchanged for private market forces is _____.

The economic principle dealing with the capacity to purchase goods and services is _____.

If two foreign currencies are evenly transferred, it is known as _____.

What is the term for the degree of wealth and material comfort available to a group of people?

What concept did economists create after discovering that calculating the true market value of a currency is better accomplished with actual buying power?

When Bangladesh began providing call services to India, their immigration disputes lessoned.

Veronica’s Floral Shop was able to hire ten new employees after they landed a contract exporting roses to Canada.

When Brazil began exporting more textiles to the United States, the national poverty rate declined by 5 percentage points.

What is the term for an ancient network of international trade routes that connected regions of Asia and Europe for several centuries?

A common litmus test for the buying power of a currency is finding out how much Nike® shoes cost between countries.

If the value of the USD increases compared to that of the Japanese Yen, the United States is able to buy fewer imports.

Political stability and national disaster are both examples of market forces impacting currency value.

Economic stability and marketing power are both examples of market forces impacting currency value.

Extreme poverty, as defined by the United Nations, is the population of the world that lives on less than $1.25 per day.

What is the calculation for a nation’s balance of trade?

_____ is the basic organizational structure and facilities needed to continue operations of an enterprise.

Japan removed sanctions on various industries within the United States, and opened its borders to new trade opportunities.

Today, a professor in Switzerland can  teach an online course to a classroom, live, in Brazil.

Based on the idea of “give and receive,” this philosophy suggests that economies will desire more international trade as others begin to as well.

What is an international entrepreneur?

When discovering that they could get call center services cheaper if they outsourced them to India, ProTech, Inc., contracted the work outside the United States.

Mike’s Subs discovered that if they hired Big Boxes, Inc., to box their sandwiches, it would create significantly more efficiency within the company.

Cynthia Green, a clothing designer based in Portland, found that designing in the United States was cost effective, but having the clothing mass produced in Indonesia was much cheaper.

Cynthia Green, a clothing designer based in Portland, found that designing in the United States was cost effective, but having the clothing mass produced in Indonesia was much cheaper.

Antonio’s Burger Joint found it would be much cheaper—while maintaining the same quality—to purchase precut, frozen French fries from a local food distributor.

Which company is the best example of a multinational enterprise?

What is the term for a company that produces goods and services in one or more countries other than its home country?

increase in knowledge base for greater innovation

increase in knowledge base for greater innovation

challenges in cultural differences

increased production speed

increases in revenue

possible loss of business process control

Confirm an existing market.

Create a sustainable infrastructure.

Establish a distribution channel.

A(n) _____ is the final individual who consumes a product.

What is the primary role of an international marketing agency?

Which is one of the tips given for becoming a successful international entrepreneur?

The concept of a system's ability to be sustained, upheld, and supported over an indefinite period is _____.

A(n) _____ is a chain of businesses or intermediaries through which a good or service passes to an end consumer.

There are several key questions regarding the decision to become a multinational organization. Which of the following is NOT one of those questions?

A desired set of ideals to be upheld by businesses and government within which labor is conducted is _____.

_____ is when a community relies little on context and more on the specific meaning of words.

What are civil liberties?

What is it called when an individual’s designated rights are violated?

_____ is the extent to which employees view superiors as having true authority.

What is the social movement whose stated goal is to ensure fair and adequate compensation for work internationally?

At the clothing store Nordstrom™, employees are encouraged to go above and beyond with customer service.

Through the 1990s, South Asian countries started embracing more Western forms of rock music.

In many Arab schools, it is common for boys and girls to sit on opposite sides of the classroom.

Prayer before eating is a common tradition in Judeo-Christian culture.

At the beginning of the 1980s, high-top shoes became a trend in the United States.

In the Indian company Aros, a hierarchy of authority is heavily emphasized.

Shaking hands is typical for greeting in Western culture; often, bowing is typical in Eastern culture.

Pursuing fair trade, honoring a minimum level of labor standards, and upholding the liberties of the individual are the three common standards of ethics in _____.

What is culture?

Public or individual support for a cause or policy is known as _____.

What does it mean to come before in order of importance or rank?

_____ is a state of culture in which the individual is considered a free-thinking, personal actor on society, while ties with the norms and thoughts of others are loose.

_____ is a state of culture in which individuals see themselves as part of a greater whole, or group.

_____ is a culture’s perspective on the importance and function of time.

Create a sustainable infrastructure.

Create a sustainable infrastructure.

Confirm an existing market.

Establish a distribution channel.

Which company is the best example of a multinational enterprise?

The more France strengthened its economic ties with Germany, the fewer political disputes occurred.

Since Japan dropped trade sanctions with Russia, overall wealth increased by 2%.

Once Tarriwax, a candle manufacturing company, landed an export contract with Brazil, they had to hire 45 new employees.

an ancient network of international trade routes that connected regions of Asia and Europe for several centuries

If a nation’s exports total $256 billion USD, and its imports totaled $82 billion, what was the nation’s balance of trade?

the degree of wealth and material comfort available to a group of people

a company that produces goods and services in one or more countries other than its own

the term for someone who uses global understanding to identify cross-cultural opportunities to sell goods and services multinationally

structure and facilities needed to continue operations of an enterprise

the concept of a system’s ability to be upheld and supported over an indefinite period

the chain by which goods get to consumers

those who consume final products

an integrated pattern of human knowledge, belief, and behavior derived over time from history and forms of belief

Economists created the concept of _____ after discovering that calculating the true market value of a currency is better accomplished with actual buying power.

When Rooder’s, a chair manufacturing company, found that having the steel plant down the road bend their steel rods for them would be cheaper, they chose to do so.

Linda’s Sandwich Shop discovered that if they hired Dan’s Boxes, Inc., to box their sandwiches, it would create significantly more efficiency within the company.

Tilco, the toy manufacturing company, decided to have a plant in China produce the LED lights on their toy cars because it would be far cheaper than doing it domestically.

Matt wanted to start a bumper sticker company, but instead of printing in-house, he decided to have the bulk printing done by EASTERN PRINT, an Indian print and distribution firm.

In the Mexican company Fuerte Casa, Inc., a hierarchy of authority is heavily emphasized.

At the turn of the 21st century, full-length dresses were popular again in the United States.

At the fast food chain Chick-fil-a™, employees are encouraged to go above and beyond with customer service.

In Turkey, it is common for boys and girls to sit on opposite sides of the classroom.

Prayer to ancestors is a common form of religious worship in Japan.

Shaking hands is typical for greetings in Western culture; bowing is typical in Eastern culture.

Shaking hands is typical for greetings in Western culture; bowing is typical in Eastern culture.

In the early 1980s, India began receiving more movies from the United States, and these new forms of media began to integrate with their culture.

The primary role of a(n) _____ is to provide the service of assisting businesses with finding an end consumer and getting products to them.

In the Unit, there were three tips given for becoming a successful international entrepreneur. Which was NOT one of those tips?

personal guarantees in a society that government or other individuals cannot remove

to come before in order of importance or rank

the term for when an individual’s designated rights are violated

a desired set of ideals to be upheld by businesses and government within which labor is conducted

when a community relies less on context and more on the specific meaning of words

the extent to which employees view superiors as having true authority

a culture's perspective on the importance and function of time

a culture's perspective on the importance and function of time

a state of culture in which individuals see themselves as a part of a greater whole, or group

a state of culture in which the individual is considered a free-thinking, personal actor on society, while ties with the norms and thoughts of others are loose