Exam 1: Globalization and International Business

A company with limited resources is more likely to achieve national distribution within a small country than within a large country.

When a U.S. citizen flies Japan Airlines,the airline acts as a service exporter for Japan.

When companies face the same competitors in almost all countries where they operate,________.

Reebok pays a royalty to the German Soccer League to use the team's logo on t-shirts that it sells. Reebok and the German Soccer League most likely have a ________.

Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies.

A major criticism of offshoring is that it ________.

What are the differences between merchandise and service imports and exports? Provide examples to illustrate your answer.

Some key ________ factors in a company's international business external environment are its product strategy and access to resources.

The recent expansion of technology has contributed to the growth in international business by creating new products that are important in world trade.

Because consumers want a greater variety of goods and services at lower prices,many governments have ________.

Which term refers to two or more companies that share ownership of an FDI?

Critics of offshoring assert that the short-term cost savings derived from offshoring hinder firms from developing more efficient production methods.

The production of goods by a French company in Italy for sale in Italy is an example of an Italian merchandise import.

Import restrictions are becoming less important because consumers increasingly want to buy goods and services produced in their own countries.

The shifting of national borders has most likely created which of the following situations for international business?

What is a multinational enterprise (MNE)? How do physical and social factors affect how an MNE functions in a foreign country?

An example of a Japanese service export is a visit by a ________.

Which of the following best explains recent governmental relaxation of restrictions on cross-border trade or resource movements?

Institutional development of services by business and government has aided the expansion of international business by ________.

Many companies merge with or acquire other companies to gain operating efficiencies that help them compete with or become global leaders.