Term
A business that is NOT committed to a single home country is referred to as a(n)
-domestic business
-international business
-multinational business
-global business |
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Definition
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Term
Sears is an example of a(n)
-domestic business
-international business
-multinational business
-global business |
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Definition
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Term
Post-World War II was a time of ________ for the United States
-economic rebuilding
-economic dominance
-economic devastation
-economic isolation |
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Definition
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Term
The easiest, least expensive way to enter a foreign market is
-licensing
-importing/exporting
-strategic alliances
-direct investment |
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Definition
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Term
Licensing may be the preferred strategy for internationalization when
-transportation costs are excessive
-taxes and tariffs are low
-flexibility is important
-labor costs are low |
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Definition
| Transportation costs are excessive |
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Term
Low tax rates and low labor costs often lead a firm to use an internationalization strategy of
-licensing
-importing/exporting
-strategic alliances
-direct investment |
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Definition
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Term
Cooperative arrangements between U.S and Japanese automobile manufactures are examples of
-licensing
-importing/exporting
-a strategic alliance
-direct investment |
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Definition
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Term
The most complex, risky, and expensive way of entering international market is
-licensing
-importing/exporting
-direct investment
-joint ventures |
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Definition
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Term
NAFTA and EU are examples of
-market systems
-strategic alliances
-joint ventures
-mature markets |
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Definition
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Term
A major challenge of entering market economies is
-private ownership of property
-complicated and unclear "rules of the game"
-markets dominated by large and successful companies
-restrictive trade agreements |
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Definition
| Markets dominated by large and successful companies |
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Term
A recent economic development that will have long-term effects on the world is
-the formation of the Pacific Asia market system
-the collapse of communism
-strategic alliances
-globalizations |
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Definition
| The collapse of communism |
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Term
Weak industry, weak currency, poor consumers, and openness to foreign investment are characteristics of
-market systems
-mature economies
-economic communities
-high potential, high growth economies |
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Definition
| High potential, high growth economies |
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Term
A(n)__________ is a limit on the number or value of goods traded between countries
-tariff
-infrastructure
-quota
-nationalization |
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Definition
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Term
NAFTA has resulted in
-decreased trade and tourism
-unlimited expansion of business in Mexico
-expanded trade between the U.S, Canada, and Mexico
-increased government regulation within the free trade zone |
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Definition
| Expanded trade between the U.S, Canada, and Mexico |
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Term
The importance of the individual versus the group is reflected in Hofstede's _________ orientation dimension
-time
-social
-goal
-power |
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Definition
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Term
Lack of an adequate _______ is a barrier to economic development
-infrastructure
-market system
-trade agreement
-nationalization system |
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Definition
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Term
Tariffs, quotas, and export restraints are means of
-developing a global economy
-providing incentives for international trade
-implementing nationalization
-protecting domestic businesses |
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Definition
| Protecting domestic businesses |
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Term
A major cultural difference between the U.S. and many other countries relates to
-the morality of interest payments
-the value of time
-the meaning of the color yellow
-the value of oil |
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Definition
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Term
The broadest level of international management expertise is found in
-small import/export businesses
-large multinational organizations
-medium-sized international firms
-large domestic organizations |
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Definition
| Large multinational organizations |
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Term
The risk of a foreign business may be taken over by the host government is
-nationalized
-tariff
-market system
-communism |
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Definition
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