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
International Business ANS✔✔ Business that is carried out across national borders
Foreign Business ANS✔✔ The operations of a company outside its home or domestic market
Multi-Domestic Companies ANS✔✔ allow country affiliates to formulate their own local business
strategies (like kraft foods with multiple smaller brands in different markets)
Global companies ANS✔✔ standardize & integrate operations worldwide
*Most companies are somewhere in-between
3 Kinds of environment ANS✔✔ 1. Domestic Environment
2. Foreign Environment
3. International Environment
Domestic Environment ANS✔✔ All the uncontrollable forces originating in the home country that
surround and influence the life and development of the firm
Foreign Environment ANS✔✔ All the uncontrollable forces originating outside the home country
that surround and influence the firm
International Environment ANS✔✔ Interaction between domestic and foreign environmental
forces, as well as interactions between the foreign environmental forces of two countries
Uncontrollable forces ANS✔✔ The external forces that management has no direct control over.
Though it can exert influence such as lobbying for change in law and heavily promoting a new
product that requires a change in a cultural attitude (Competitive, Distributive, Economic,
Socioeconomic, Financial, Legal, Physical, Political, Sociocultural, Labor, Technological)
, 2024/2025
Controllable forces ANS✔✔ Internal forces that management administers to adapt to changes in
the uncontrollable forces
Self-reference criterion ANS✔✔ Unconscious reference to your own cultural values when judging
behaviors of others in a new and different environment
Origins of international business ANS✔✔ -Phoenician & Greek merchants
-Chinese expansion of agricultural & industrial productions
-Rise of Ottoman Empire (before 1300)
-Colonial Trading
>British East India Campaign (1600)
>Dutch East India Campaign (1602)
>America (1700s)
-Industrial revolution - rise of modern MNCs (mid-late 1800s)
5 Drivers of Firm's Internationalization ANS✔✔ 1. Political
2. Technological
3. Market
4. Cost
5. Competitive
Political drivers ANS✔✔ -Preferential trading agreements -single combined markets
-Lower trade & investment barriers
-Deregulation & privatization within countries
-Opening of economies to outside world
-Multinational & bilateral agreements
-Free trade - stronger economies, less hunger, better treatment of environment
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