Exam (elaborations)
BUSI 3250- Chapters 1-4 with complete verified solutions 2025
- Course
- Institution
BUSI 3250- Chapters 1-4 with complete verified solutions 2025
[Show more]
Content preview
BUSI 3250- Chapters 1-4 withcomplete verified solutions
2025
International Business - answer Business that is carried out across
national borders. Includes international trade and foreign manufacturing.
IB deals with domestic, foreign and international
Foreign Business - answer Denotes the operations of a company outside
its home or domestic market
International Company - answer A company with operations in multiple
nations-- no domestic firm is entirely free from foreign or international
environmental forces
Environment - answer all of the forces influencing the life and
development of the firm
Uncontrollable Forces - answer external forces that management has no
direct control over
Professor C.K. Prahalad popularized what term? This is also a book -
answer "Bottom of the Period"
How many people survive on less than $2 a day? - answer 3 billion
Self-reference Criterion - answer unconscious reference to your own
cultural values when judging behaviors of others in a new and different
environment
, International managers have three choices in deciding what to do with a
concept or a technique employed in domestic operations: - answer
transfer it intact, adapt it to local conditions, or not use it overseas
Internationalization of businesses gained traction how long ago? - answer
100 years ago
Transnational Corporation (TNCs) - answer 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-- they
collectively account for more than half of world trade and 10% of world
GDP
Foreign Direct Investment (FDI) - answer direct investment in equipment,
structures and organizations in a foreign country at a level sufficient to
obtain significant management control
Exporting - answer The transportation of any domestic good or service to
a destination outside a company or region
Importing - answer The transportation of any good or service into a
country or region, from a foreign origination point
5 major drivers of Internationalization of Business - answer 1. Political
2. Technological
3. Competitive
4. Market
5. Cost
Economic Globalization - answer The tendency toward an international
integration and interdependency of goods, technology, information, labor,
capital, or the process of making this integration happen
Arguments for globalization - answer - free trade enhances
socioeconomic development
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
