Exam (elaborations)
CBA 300 Exam -1 Questions And Answers Latest Update
- Course
- CBA 300
- Institution
- California State University, Long Beach
CBA 300 Exam -1 Questions And Answers Latest Update
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2024/2025CBA 300 Exam #1 Questions And
Answers Latest Update
Foreign Business ANS✔✔ The operations of a company outside its home or domestic market
International Business ANS✔✔ Business that is carried out across national borders
Difference between International Business and Domestic Business ANS✔✔ A firm operating
across borders must deal with the 3 kinds of environments
International Business Strategies ANS✔✔ The plans and actions of private companies rather than
governments; as such, the goal is increased profit.
3 Kinds of Environments ANS✔✔ Domestic
Foreign
International
Controllable/Internal Environmental Forces ANS✔✔ Factors of Production
Organization's Activities (Personnel, Finance, Production, Marketing)
Uncontrollable/External Environmental Forces ANS✔✔ Competitive
Distributive
Economic
Financial
Legal
Physical
Political
, 2024/2025
Sociocultural
Labor
Technological
Self-Reference Criterion ANS✔✔ The naive assumption that different cultures operate like one's
own.
Self-Reference Criterion ANS✔✔ The biggest cause of international business blunders
3 International Manager Choices in Deciding what to do with a concept employed in domestic
operations ANS✔✔ Transfer it intact
Adapt it to local conditions
Not use it overseas
Origins of International Business ANS✔✔ Phoenician & Greek Merchants
Chinese Expansion of Agricultural & Industrial Productions
Rise of Ottoman Empire
Colonial Trading (Brit & Dutch East India Campaign, America)
Industrial Rev (Rise of Modern MNCs)
5 Drivers of Firm's Internationalization ANS✔✔ Political
Technological
Market
Cost
Competitive
Globalization (Economic) ANS✔✔ The tendency toward an international integration and
interdependency of goods, technology, information, labor and capital, or the process of making this
integration happen
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