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BUSI 3250- Chapters 1-4 with complete verified solutions 2025
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BUSI 3250- Chapters 1-4 with complete verified solutions 2025
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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
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