Exam 1: Globalization and International Business

What are three factors that have led to the increased growth in international business in recent decades? Which do you think has been most important and why?

Most countries' imports account for more than half of their citizens' consumption.

Which of the following is the LEAST likely reason that small countries worry about overdependence caused by globalization?

Globalization of business has been stimulated by institutional developments that aid foreign trade and investment.

A company starting out with a global focus,usually because of the international experience of its founders,is called a ________.

What is the most likely reason that governments cooperate with each other through treaties,agreements,and consultations?

Which of the following best defines international business?

The same automobile company produces Fiats and Ferraris. The company builds an engine plant in China with low production costs for Fiats but not Ferraris. The probable reason is that ________.

Kevin,marketing manager of the North American Bowling League,has decided to televise major bowling competitions to viewers in multiple countries rather than only in Canada and the U.S. Which of the following goals would this most likely help Kevin accomplish?

The owner of a U.S. football team and the owner of a Canadian hockey team purchase a British soccer team. This is an example of a ________.

Which of the following BEST explains how a firm reduces risk by operating internationally?

Which of the following statements would most likely NOT be supported by an advocate of offshoring?

Critics of the view that regionalization will prevail over globalization most likely base their argument on the belief that ________.

Assume that company executives at the firm would like to increase sales by expanding into an international market. Which of the following factors,if true,best supports a decision to expand sales globally?

The process of shifting production from a domestic to a foreign location is best known as ________.

The terms multinational corporation and multinational company are frequently used synonyms for strategic alliances.

By operating internationally,a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks.

Many professional basketball teams recruit tall youngsters in foreign countries into basketball camps where they can develop basketball skills and perhaps become candidates for professional play. This is an example of engaging in international business to acquire resources.

In a short essay,identify and explain three competitive factors that influence international businesses.

What is international business? What are the primary reasons that companies engage in international business?