International Business

Which term best refers to online platforms such as​ Amazon, Facebook, and Instagram expressing ongoing economic integration and growing interdependency of countries​ worldwide?

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Part 1

A.

​Cross-cultural activity

B.

Global sourcing

C.

Internationalization

D.

Importing

E.

Globalization of markets

Globalization of Markets

The allocation of assets to another country or the attainment of assets in that particular country refers to​ _______.

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Part 1

A.

global sourcing

B.

exporting

C.

globalization of markets

D.

importing

E.

international investment

International Business

Which risk of internationalization refers to the​ firm's potential loss or failure from poorly conceived or executed business​ strategies, tactics, or​ procedures?

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Part 1

A.

​Cross-cultural

B.

Profit

C.

Currency

D.

Commercial

E.

Country

Commercial

Language is a critical dimension of which risk of​ internalization?

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Part 1

A.

Currency

B.

​Cross-cultural

C.

Country

D.

Political

E.

Commercial

Cross-cultural

initiate international business activities by​ envisioning, crafting, and creating goods and services for global buyers.

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Part 1

A.

Government agencies

B.

Focal firms

C.

Importers

D.

Retailers

E.

Distribution channel intermediaries

Focal Firms

A young entrepreneurial company that initiates international business activity early in its​ evolution, moving rapidly into foreign markets is known as​ a(n) _______.

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Part 1

A.

facilitator

B.

born global firm

C.

distribution channel intermediary

D.

exporter

E.

importer

Born Global Firm

When a domestic firm seeks opportunities in foreign​ markets, the​ firm's motive is best described as​ ________.

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Part 1

A.

defensive

B.

strategic

Your answer is correct.

C.

operational

D.

political

E.

tactical

strategic

Which of the following is a motivation for international​ expansion?

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Part 1

A.

Developing diseconomies of scale

B.

Being closer to political risk to manage it

C.

Being closer to supply sources

D.

Gaining distance from competitors

E.

Lowering risk

Being closer to supply sources

​Francesca's Beach and​ Swimwear, located in​ Manhattan, designs a line of high end summer apparel. The company is considering opening a location in Brazil. The most likely reason for this international expansion is to​ __________.

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Part 1

A.

earn higher margins and profits

B.

gain new ideas about​ products, services, and business methods

C.

gain access to​ lower-cost or better factors of production

D.

seek opportunities for growth through market diversification

Your answer is correct.

E.

serve key customers that have relocated abroad

seek opportunities for growth through market diversification

Based on her studies of international​ business, Yolanda Sanchez decides to buy paper for her office supply store from wood grown in sustainable forests in​ Canada, even though the sustainable paper costs more than other paper. Considering the reasons to study international​ business, which of the following best explains​ Yolanda's decision?

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Part 1

A.

Creating a profit advantage for her business

B.

Implementing corporate citizenship efforts

C.

Facilitating the global economy and interconnectedness

D.

Contributing to national economic​ well-being

E.

Establishing a competitive advantage for herself

Implementing corporate citizenship efforts

is inspiring quicker dispersion of consumer products and brands across the globe.

Question content area bottom

Part 1

A.

Global sourcing

B.

International trade

C.

Foreign direct investment

D.

Country risk

E.

Importing

International Trade