Which of the following is NOT a key driver of global trade expansion?

Global trade represents _______ of global GDP.

Apple sources components from how many countries for its global supply chain?

Refer to the map showing Apple's global supply chain. Where are Apple chips sourced from?

Which of the following best describes a Common Market?

Fill in the blank: Customs Unions involve common external tariffs plus free movement of _____

Which type of economic bloc is characterized by reduced or eliminated tariffs between member countries?

Economic blocs create regional integration through formal agreements between countries.

By how much do economic blocs boost trade among members?

What is the GDP of the European Union's single market?

How many member states are in the European Union's single market?

The EU offers borderless trade, a single currency (Euro) for ____ members, and harmonised regulations across markets.

Airbus manufactures aircraft components across which countries?

Which of the following is an example of a unique resource or economic priority that an EU member state might have?

The main issues that countries need to negotiate in order to facilitate trade within the EU include:

Economic integration in the EU presents both challenges and benefits, with sovereignty concerns potentially affecting member states. Which of the following best summarizes these effects?

What year was NAFTA established, creating the world's largest free trade area between the USA, Canada, and Mexico?

In 2018, what led to the comprehensive renegotiation of NAFTA terms?

What agreement replaced NAFTA in 2020 with updated rules on digital trade, intellectual property, and labor standards?

Fill in the blank: Ford builds vehicles across all three countries, with engines from _______, parts from Canada, and final assembly in the US.

NAFTA eliminated most tariffs between the USA, Canada, and Mexico over 15 years.

Which countries are member states of the Association of Southeast Asian Nations (ASEAN)?

The ASEAN Free Trade Area (AFTA) reduced intra-regional tariffs to ___% across member states.

What is the total trade volume of the ASEAN Free Trade Area (AFTA)?

In which ASEAN countries does Toyota operate plants according to the information provided?

Toyota specialises production by country in its ASEAN operations.

What is one impact of economic blocs as described in the section 'Trade Creation'?

According to the passage, EU internal trade grew by ___% in the decade after formation.

Which of the following is a possible negative effect of trade diversion?

Trade diversion can create winners and losers in global commerce.

Members of economic blocs gain access to larger markets.

Fill in the blank: The WTO oversees rules for trade between ___ member countries. It handles $22 trillion in annual trade.

How many trade disputes has the WTO settled since 1995?

The Boeing-Airbus case, a 17-year dispute over illegal aircraft subsidies, was resolved through WTO mechanisms in which year?

What is the first step in the Trade Bloc Debate class activity?

What types of evidence should teams consider during the research period of the Trade Bloc Debate activity?

What should teams focus on when presenting arguments and counter-arguments in the structured debate?

How much time is allowed for the Trade Bloc Debate activity, and what should be considered in the arguments?

Fill in the blank: ________ involves High Control/High Risk and includes Foreign Direct Investment and Wholly Owned Subsidiaries.

Fill in the blank: ________ involves Medium Control/Medium Risk and includes Joint Ventures and Strategic Alliances.

Fill in the blank: ________ involves Low Control/Low Risk and includes Exporting, Licensing, and Franchising.

What is direct exporting? Companies sell directly to international customers or distributors. This provides control over marketing and pricing. (Direct exporting is when companies sell ______ to international customers or distributors.)

What is an example of direct exporting? (Fill in the blank: German machinery manufacturer Trumpf sells industrial equipment ______ to global customers.)

What is indirect exporting? Companies use intermediaries like export management companies. This requires less expertise but sacrifices control. (Fill in the blank: Indirect exporting is when companies use ______ like export management companies.)

What is an example of indirect exporting? (Fill in the blank: Small Scottish whisky distilleries export through specialized intermediaries who handle ______ and distribution.)

Fill in the blank: ______ is when a company grants rights to intellectual property for a fee. Coca-Cola licenses bottling operations in 200+ countries.

Fill in the blank: ______ is when a company provides a complete business system to franchisees. McDonald's has 39,000 restaurants in 119 countries.

Fill in the blank: These strategies enable rapid global expansion with minimal capital. They leverage local knowledge and resources. This describes the ______ of licensing and franchising.

What is a joint venture? Fill in the blank: A joint venture is a business entity created by ______ or more parties. Each contributes assets and shares risks.

Which of the following is a type of joint venture?

General Motors formed a 50-50 joint venture with which company in China?

Class Activity: Market Entry Strategy
Case Distribution: What is the scenario given to the groups in this class activity?

Teams are required to evaluate which of the following during the strategy analysis phase?

Decision Making: Groups must do which of the following during the decision making phase of the activity?

Each team is expected to present their work during the presentation phase and should consider what?

What does FDI stand for?

FDI involves substantial capital investment in foreign operations. It provides maximum control but carries the highest risk.

Greenfield investments build new facilities. Acquisitions purchase existing companies. Which of the following is an example of an acquisition?

Fill in the blank: Greenfield investments ______ new facilities.

What is the first step in Global Supply Chain Management?

Fill in the blank: In the Manufacturing step of Global Supply Chain Management, production occurs where most _________?

Which step in Global Supply Chain Management involves optimizing routes, inventory levels, and customer delivery?

Zara maintains 60% of its production in Spain and nearby countries to enable new designs to reach stores in just 15 days.

Fill in the blank: In international business, the cultural dimension of Power Distance impacts ________ & decision-making.

Which company is given as an example of adapting management styles by region to address Power Distance in international business?

Fill in the blank: Google balances individual recognition with team incentives to address the cultural dimension of ________ in international business.

Which company is cited as an example of a consultative approach in different markets, relating to the Masculinity/Femininity cultural dimension?

According to the case study on Uber's Global Expansion, in which year did Uber launch its first international market?

According to the case study on Uber's Global Expansion, which city did Uber expand to as its first international market?

According to the case study on Uber's Global Expansion, how many cities did Uber enter between 2014 and 2016?

According to the case study on Uber's Global Expansion, what strategic adaptation did Uber make in India?

According to the case study on Uber's Global Expansion, which companies did Uber sell its operations to in China, Southeast Asia, and Russia?

Step 1: Market Selection
Groups must identify one promising international market for a local business. Which of the following is an example of a promising international market selection for a local business?

The chosen market entry strategy and the resources that influenced the decision are:

The key risks you identified and your contingency plans are:

Step 4: Presentation Each team presents their expansion plan with market research support. What should an international expansion plan address to be realistic?