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BUSI 3250 Exam 1 Questions and Answers
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BUSI 3250 Exam 1 Questions and Answers
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BUSI 3250 Exam 1 Questions andAnswers
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
enviroment - 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
external forces consist of the following - Answer-1. competitive
2. distributive
3. economic
4. socioeconomic
5. financial
6. legal
7. physical
8. political
9. sociocultural
10. labor
11. technological
The domestic environment - Answer-all the uncontrollable forces originating in the home
country that surround and influence the life and development of the firm
The foreign environment - Answer-All the uncontrollable forces originating outside the
home country that surround and influence the firm
The international environment - Answer-includes the interactions between domestic and
foreign environmental forces and between the foreign environmental forces of two
countries
self-reference criterion - Answer-unconscious reference to your own cultural values
when judging behaviors of others in a new and different environment
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
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