Exam 1: An Overview of International Business

________ is the buying of products made in other countries for use or resale in one's own country.

A boundary less economy is one in which ________.

The importance of foreign direct investment in the world's economy has ________ over time.

Why are small businesses becoming more involved in international business? What is the simplest way for a small business to globalize?

What is the difference between licensing and franchising?

The Internet has helped small businesses compete in global markets because it ________.

What is the difference between exporting and importing?

What are the two primary methods for conducting international business? What role has globalization played in these two methods?

Exports account for about ________ of Germany's gross domestic product?

Regional trade and investment has been made easier through which of the following?

The host country is where a foreign firm operates.

During the Cold War, low-income countries in ________ were primarily considered suppliers of raw materials to First World countries.

The growth of FDI and MNCs first started during the American colonial period.

E-mail, smart phones, and tablet computers have facilitated the expansion of international markets.

The World Trade Organization and GATT helped reduce international trade barriers after World War II.

What is the difference between the home country and the host country?

Into what two categories can international investments be divided?

Singapore Airlines has expanded into non-Asian markets by leveraging its core competencies, which include reliability and high customer satisfaction.

A ________ is a distinctive strength that is central to a firm's operations.

Which of the following is considered a BRIC nation?