Exam 1: Introduction and Overview

In the United States, the most important stakeholder is

The external environment of industrialized countries is

In a symbiotic stakeholder relationship, a company

In planning entry into foreign markets, international companies need to

An international company owned and managed by nationals from different countries is called a transnational corporation (TNC).

How do international companies use research?

What are the ways in which companies get involved in international business?

Intense global competition has forced companies to seek growth in their domestic markets.

Progressive reduction of trade barriers among nations through the efforts of WTO has stimulated cross-border trade between countries.

Stakeholders are defined as

Stakeholders are less important in an international business context.

As stakeholders, the major concerns of customers is

An international company is involved with

Identify and explain the reasons why companies seek foreign markets.

International research is useful in

Corporate social responsibility (CSR) is defined as

Growth in international business activities are led by

Corporate social responsibility (CSR) implies that companies are responsible for both the economic as well as the ethical expectations that society has on an organization.

International companies use research to identify market potential.

Conducting international business research is a straightforward and simple process.