BUSI 3250 AUBURN- CHAPTERS 1-4 EXAM WITH
VERIFIED QUESTIONS AND CORRECT SOLUTIONS|
PASS WITH THE BEST GRADES.
Foreign Direct Investment (FDI) - Correct Answer-direct investment in equipment,
structures and organizations in a foreign country at a level sufficient to obtain
significant management control
Self-reference Criterion - Correct 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: - Correct Answer-transfer it intact,
adapt it to local conditions, or not use it overseas
Internationalization of businesses gained traction how long ago? - Correct Answer-
100 years ago
Exporting - Correct Answer-The transportation of any domestic good or service to
a destination outside a company or region
Importing - Correct Answer-The transportation of any good or service into a
country or region, from a foreign origination point
International Business - Correct Answer-Business that is carried out across
national borders. Includes international trade and foreign manufacturing. IB deals
with domestic, foreign and international
, Foreign Business - Correct Answer-Denotes the operations of a company outside
its home or domestic market
International Company - Correct Answer-A company with operations in multiple
nations-- no domestic firm is entirely free from foreign or international
environmental forces
Environment - Correct Answer-all of the forces influencing the life and
development of the firm
Uncontrollable Forces - Correct Answer-external forces that management has no
direct control over
Professor C.K. Prahalad popularized what term? This is also a book - Correct
Answer-"Bottom of the Period"
How many people survive on less than $2 a day? - Correct Answer-3 billion
Transnational Corporation (TNCs) - Correct 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
5 major drivers of Internationalization of Business - Correct Answer-1. Political
2. Technological
3. Competitive
4. Market
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 Savvyteacher. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
