Exam 1: An Overview of International Business

A boundaryless economy is one in which ________.

Small businesses are usually not involved in international business given the cost restrictions.

Trade between nations can be traced back as far as ________.

Which of the following is most likely a true statement about China?

All of the following are the primary sources of revenue for the IOC during the Olympics EXCEPT ________.

Black and Decker produces tools at a plant in North Carolina and ships the tools to retailers in England. This is an example of which type of international business activity?

Which two countries account for more than one-third of the world's population?

Colgate-Palmolive expanded into overseas markets with its toothpaste when the product reached the ________ stage of the product life cycle.

The World Trade Organization is the successor to the General Agreement on Tariffs and Trade.

Attacking and counterattacking rivals in every region of the world is common in the earthmoving equipment industry.

What is the difference between licensing and franchising?

The British term for the trading of intangible goods is ________.

International business differs from domestic business in several ways. Identify at least three of these differences and describe their implications for companies.

________ consist(s) of business transactions between parties from more than one country.

Pepsi's reason for following Coca-Cola to new markets was most likely to ________.

The ________ is where a company operates but is not headquartered.

Nike, ExxonMobil, Mitsubishi, and Volkswagen are all examples of ________.

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

Which of the following has most likely triggered the increase of small businesses involved in international business?

E-mail, smart phones, and laptops have facilitated the expansion of international markets.