Exam 1: The Challenging Context of International Business

Britain was the world's leading manufacturing country for about 1,800 years,until it was replaced by the United States at the end of the 1800s.

Which of the following is not true regarding transnational corporations?

A ______ driving force for globalization is the fact that companies are defending their home markets from competitors by entering the competitors' home markets to distract them.

The trend toward unification and socialization of the global community is illustrated by which of the following?

As mentioned in the text,managers in companies with no foreign operations of any kind still need a global perspective,for all of the following reasons except

Opponents of free trade point out that globalization has contributed to a _______ in environmental and health conditions.

That free trade is the best strategy for advancing the world's economic development is one of the few propositions on which almost all economists agree.

According to opponents of the globalization of trade and investment

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

Transnational corporations account for approximately 25 percent of total global output and nearly 50 percent of world trade.

Domestic business differs from international business in that a firm operating within the borders of one country

The term globalization was first coined by Theodore Levitt in a Harvard Business Review article in which he maintained that

Unconscious reference to one's own cultural values when judging behavioral actions of others in a new and different environment is called

The external forces are commonly called _________ forces,which are the external forces that management has no direct control over,although it can exert influence.

__________ is the transportation of any good or service into a country or region,from a foreign origination point.

Although merchandise exports have grown faster than world output in nearly every year since 1980,the level of ________ exports worldwide has grown even more rapidly during this time.

The forces over which the management does have some command are called

A ________ corporation is an enterprise made up of entities in more than one nation,operating under a decision-making system that allows a common strategy and coherent policies.

Which of the following is not true about uncontrollable forces?

Which of the following is not linked to the cost driver of international business activity?