Exam 9: Business in a Global Environment

The West European buyers who purchase and resell Entrée Specialités' food products in their home countries are in the _____ business.

According to the independent organization Transparency International, _____ suffers less business corruption than any other country.

One way of dealing with local laws and regulations in foreign countries is to hire local _____ to provide advice.

All of the following pieces of advice are significant to someone preparing for a career in international business :

By studying a nation's economic environment, Chic managers can better calculate currency valuations and exchange rates.

Under a(n) _____ between a U.S.?based company and a foreign company, in return for the right to use the parent company's brand name and sell its goods and services, the foreign company is required to adhere to an established business model.

A _____ is an agreement between two companies (or a company and a nation) to pool resources to achieve goals that benefit both partners.

To offset the dumping of goods on its soil, a country will usually _____.

Nations practice dumping in order to _____.

Although different countries have different communication styles, virtually all cultures share a basic core of expression values.

Even if Cajun opens company-owned restaurants in a foreign country, it may have to buy local food products to supplement the menu; in fact, it may have to buy chicken from local producers for the standard menu.In doing so, the company would be engaged in _____.

Identify the various agreements and organizations that help to reduce international trade barriers.

In communicating with other countries or cultures, it's valuable to understand all of the following _____.

When researching global business opportunities, firms must grasp a variety of cultural, technological, economic, and political differences.

If the U.S.dollar goes down relative to a foreign currency, buyers using that currency pay ____ for American goods and services.

When Whitlock Clothiers began overseas operations, top management had to learn to appreciate the _____ environments of other countries-that is, other people's systems of shared beliefs, values, customs, and behaviors.

Because businesspeople participate in a nation's culture, Chic managers must heed the Foreign Corrupt Practices Act in order to avoid contaminating foreign cultural environments. (

In _____ cultures, personal and work relationships tend to be compartmentalized.

Explain a nation's balance of payments.

The principle of _____ explains why France can produce white wine at a lower opportunity cost than the neighboring country of Germany.