WorksheetsAOF- What is Int'l Bus?
Total questions: 15
Worksheet time: 8mins
International Business is all commercial activities that take place to promote the transfer of ____________, ___________, ____________, people, ideas, and technologies across national boundaries.
goods, services, governments
data, services, governments
goods, services, resources
data, services, goods
“As internet access and adoption are rapidly increasing around the globe, the number of digital buyers worldwide keeps climbing every year.”
True
False
Contractual agreements that allow foreign firms to use products, services, and processes from other nations are known as:
Licensing, Copyrighting
Licensing, Franchising
Copyrighting, Franchising
Patenting, Processing
A strategic business model that involves promoting products and services in various markets around the world and adapting the product/service to the cultural norms, taste preferences, and religious customs of the various markets.
Multi-National Strategy
Multi-Domestic Strategy
Comparative Advantage
Uni-Lateral Strategy
A business strategy that involves selling products and services in different foreign markets without changing the characteristics of the product/service to accommodate the cultural norms or customs of the various markets.
Multi-National Strategy
Multi-Domestic Strategy
Comparative Advantage
Uni-Lateral Strategy
_____________ occurs when a nation has an advantage over other nations in terms of access to affordable land, resources, labor, and capital. In other words, a country will export those products or services that utilize abundant factors of production.
Multi-National Strategy
Multi-Domestic Strategy
Comparative Advantage
Uni-Lateral Strategy
Technological innovation that facilitates global communication and transportation has helped grow International Business.
True
False
The dissolution of a number of communist markets, thus opening up many economies to private business has slowed the growth of International Business.
True
False
Companies may seek to invest internationally when their home market becomes ________________.
Successful
Advantageous
Abundant
Saturated
International Business encourages companies to become more innovative and efficient in their use of resources.
True
False
All of the following are challenges in International Business except:
Different Cultural Environments
Wealth Disparities
Different Types of Governments
Increased Competition
All of the following are pros of International Business except:
New Opportunities
Increased Competition
Different Cultural Environments
Encourages Innovation
What organization was formed in 1995 that helped grow International Business?
WTO World Trade Organization
WIO World Import Organization
UNO United Nation Organization
WEO World Export Organization
International Business takes place in all of the following except:
Goods move from one country to another
Contractual agreements allow foreign firms to use products, services, and processes from other nations
Formation of distribution facilities in foreign markets
Selling goods in the current local market
Amazon is the #1 e-commerce website in the world.
True
False
