Exam 1: The Challenging Context of International Business

International trade has historically had a major influence on industry,agriculture,and the economy of nations,but not on public health or politics.

Foreign business denotes

The United States has only about ______ percent of the world's population,so the vast proportion of most companies' potential customers are located elsewhere.

An international business

The level of merchandise exports worldwide were _____ larger in 2013 than they were in 1980.

Examples of the kinds of internal forces listed in the text are each of the following except

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that for developing international skills,respondents believed that a number of courses in the international business curriculum are relevant to their companies,including courses on topics related to:

According to the text,preferential trading agreements are examples of ________ drivers of globalization.

Decision making in the international environment is __________ it is in a purely domestic environment.

According to the text,the tendency toward an international integration of goods,technology,information,labor,and capital,or the process of making this integration happen,is called

The Ottoman Empire's powerful location raised the cost of Asian trade for the Europeans and resulted in a search for sea routes to Asia.

_________ refers to direct investments in equipment,structures,and organizations in a foreign country at a level sufficient to obtain significant management control.

The domestic environment is composed of all the uncontrollable forces originating in the __________ that surround and influence the life and development of the firm.

The five major kinds of drivers,all based on changes that are leading international firms to the globalization of their operations,include political,sociocultural,technological,market,and competitive drivers.

The domestic environment is all the controllable forces originating in the home country that surround and influence the life and development of the firm.

Which of the following is the best example of the competitive driver of international business activity?

Data have shown a clear and definitive link between

The rise of the Ottoman Empire before 1300

The worldwide stock of outward FDI is estimated to have increased _______ between 1990 and 2014.

According to the text,environmental elements over which management does not have control-including competitive,labor,and financial forces-are called ______ forces.