Chapter 1: An overview of International Business

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Chapter 1: An overview of International Business

Multiple Choice

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

Currency exports

International business

Domestic business

Global ventures

Multiple Choice

Which of the following is not an international business transaction?

purchasing products in one country and assembling them in another

building a plant in a foreign country to capitalize on lower labor costs

borrowing money from a major bank to finance capital improvements

shipping finished products from one country to another for retail sale

Multiple Choice

________ is the buying of products made in other countries for use or resale in one's own country.

Exporting

Importing

Merchandising

Transporting

Multiple Choice

The integration of markets, nation-states, and technologies in a way that is enabling individuals, corporations, and nation-states to reach around the world farther, faster, deeper, and cheaper than ever before is referred to as ________.

international business organization

market internationalization

economic integration

globalization

Multiple Choice

International nonprofit organizations are called ________.

multinational corporations

multinational organizations

multinational enterprises

multinational nonprofits

Multiple Choice

International nonprofit organizations are called ________.

multinational corporations

multinational organizations

multinational enterprises

multinational nonprofits

Chapter 1: An overview of International Business

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