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WorksheetsGLOBALIZATION
Total questions: 10
Worksheet time: 5mins
The merging of historically distinct and separate national markets into one huge global marketplace is referred to as the __________.
GLOBALIZATION
GLOBALIZATION OF MARKET
GLOBALIZATION OF PRODUCTION
Firms that are involved in international
business tend to be
LARGE
SMALL
MEDIUM
ALL OF ABOVE
Which organization is responsible for policing
the world trading system?
WORLD BANK
WTO
IMF
As a result of __________, a company such as IBM can build the case, keyboard and hard drive for its product in one country, build the wireless card in a second country, the microprocessor in a third country, and assemble it in still another country.
GLOBALIZATION OF PRODUCTION
GLOBALIZATION
GLOBALIZATION OF MARKET
When a firm exports goods or services to consumers in another country
international trade has occurred
foreign direct investment takes place
The volume of foreign trade declines
Falling barriers to cross-border trade:
have made it harder to sell internationally
have had no meaningful impact on international trade
have made it easier to sell internationally
home country of Nestle is
United States
Switzerland
Germany
Doing business in foreign countries is complex compared to local business because of the following EXCEPT
the problem in foreign countries more complicated
the culture is different
the currency is similar
Volkswagen built a plant in Malaysia to take advantage of the following
improve functionality of its product
reduce the cost of production
all of the above
the currency of Thailand is
piso
baht
rupiah
