Exam 1: An Overview of International Business

International business originally consisted of ________.

Firms that enter new markets can benefit from economies of scale and diversified revenue streams.

Explain how many scholars divided the world during the Cold War and the patterns of trade that existed among these divisions.

According to the CAGE Model, which of the following refers to the physical, communications, and transportation links between countries?

A(n) ________ involves a firm in one country agreeing to operate facilities for a firm in another country for an agreed fee.

You are a manager at a small business, and the firm's CEO wants the firm to globalize. What suggestions would you offer to accomplish this task? Should the firm globalize? Why or why not?

The term ________ is used to identify firms that have extensive involvement in international business.

How are the Olympic Games symbolic of international business?

Why is it relevant for today's business students to study international business and to become culturally literate?

Which of the following is not considered a dominant institution in the Era of Globalization?

Which country was a significant focal point for international business during the Middle Ages?

________ are purchases of foreign financial assets for a purpose other than control.

How does international business differ from domestic business? Why is it important for business students to learn about international business?

If a company is headquartered in Taiwan, then Taiwan is the company's ________.

The ratio of international trade to economic activity has been falling steadily in recent years.

Which of the following would be considered an international business transaction?

Capital supplied by residents of one country to residents of another is known as ________.

Toyota, ExxonMobil, General Electric, and Volkswagen are all examples of ________.