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BUSI 3250 Exam 1 with complete verified solutions 2025.
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BUSI 3250 Exam 1 with complete verified solutions 2025.
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BUSI 3250 Exam 1 with completeverified solutions 2025
International Business - answer Business that is carried out across
national borders
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
Environment - answer all of the forces influencing the life and
development of the firm
Uncontrollable Forces - answer The external forces that management has
no direct control over
External Forces - answer 1. Competitive
2. Distributive
3. Economic
4. Socioeconomic
5. Financial
6. Legal
7. Physical
8. Political
9. Sociocultural
10. Labor
11. Technological
, Controllable Forces - answer internal forces that management
administers to adapt to changes in the uncontrollable forces
Domestic Environment - answer all the uncontrollable forces originating
in the home country that surround and influence the firm's life and
development
Foreign Environment - answer All the uncontrollable forces originating
outside the home country that surround and influence the firm
Reasons why forces are different between foreign and domestic
environments - answer forces have different values, forces can be
difficult to access, forces are interrelated
International Environment - answer includes the interactions between
domestic and foreign environmental forces, or between sets of foreign
environmental forces when an affiliate in one country does business with
customers in another.
Self-Reference Criterion - answer unconscious reference to one's own
cultural values, experiences, and knowledge as a basis for decisions
Transnational Corporation - 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
Foreign Direct Investment (FDI) - answer Direct investments in
equipment, structures, and organizations in a foreign country at a level
that is sufficient to obtain significant management control; does not
include mere foreign investment in stock markets
Exporting - answer The transportation of any domestic good or service to
a destination outside a country or region
Importing - answer The transportation of any good or service into a
country or region, from a foreign origination point
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