KIM EXAM 1 MAN 3600 Questions and Answers 100% Solved
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Course
KIM
Institution
KIM
KIM EXAM 1 MAN 3600 Questions and
Answers 100% Solved
The Nature of International Business - - all value-adding activities
(including sourcing, manufacturing, and marketing ) can be performed in
international locations.
What can international trade involve? - Products, services, capital,
tech...
Leading countries in international *service trade* by % of GDP - ✔✔1.
Ireland
2. Singapore
3. Hong Kong (China)
4. Denmark
5. Netherlands
Types of IB risks - ✔✔- cross-cultural risks
- country risks
- currency risks
- commercial risks
(always present but manageable; managers need to understand,
anticipate, and take proactive action to reduce their effects; some risks are
extremely challenging.)
Cross-Cultural risks - ✔✔Cultural Differences: Risk arising from differences
in language, lifestyle, attitudes, customs, and religion, where a cultural
miscommunication jeopardizes a culturally-valued mindset or behavior.
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