Exam 1: The International Business Imperative

Which of the following statements best summarizes the role of international business during the Roman Empire?

Companies that invest in countries around the globe are best described as:

One of the disadvantages of international business is that it results in limited choices for the consumer.

________ is the increased mobility of goods,services,labor,technology,and capital throughout the world.

_________ offers companies new markets.

The ________ level refers to the level at which trading relationships affect individual markets.

The British Empire grew through its effective international business policy,which provided for efficient transportation,intensive trade,and an insistence on open markets.

The _______ level is the level at which trading relationships affect individual markets.

Describe the need for international business.

In recent years,India has gained competitive advantage in providing radiology services. Radiology charts can now be transmitted from anywhere in the world. This change illustrates:

Although U.S.exports have grown rapidly and successfully over the last few years,many new participants have entered the international market,resulting in a decline in the global market share of exports for the U.S.

From a global perspective,the United States has:

New hires at a large packaging company are undergoing the last phase of job training. For this phase of the training,they are learning about international business. The training manager explains that it is critical that customers feel they are better off after the transaction than they were before. This describes which important aspect of international business?

___________ firms such as consulting firms,insurance companies,and universities are participating to a growing degree in the international marketplace.

The microeconomic level is the level at which business concerns affect an individual firm or industry.

The Han Empire resulted in stability within ____________ for nearly four centuries.

A few decades ago,it would have been impossible to produce parts for a car in more than one country and assemble it in another.This change illustrates how international business has brought a global reorientation in ___________ strategies.

____________ changes are allowing for a faster and more user-intense information exchange in business,leading to new approaches in advertising,production,and consumption.

__________ are owned by governments and managed specifically for investment purposes.

________ refers to the two relatively peaceful centuries in the Roman Empire.