liberty university busi 303 exam 2 complete soluti
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Busi 303
Busi 303
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Voorbeeld van de inhoud
Land labor capital and energy are all production
examples of factors of
The international monetary fund and the
World Bank are both examples of global
institutions that help govern the global
business system
The United Nations focuses on basic True
fundamental issues such as refugee
protection sustainable development and
disaster relief
The obstacles to globalization include Differences in legal regulations among national markets
The globalization of production refers to the
fact that producers can get the benefit from
different cultures and cheaper labor around
the world
The national differences in the quality of improve the quality or functionality of their product offering
factors of production help companies
Global institutions are needed to Stabilize and monitor the global marketplace.
Solving humanitarian, cultural and social issues. Maintaining international peace.
The four basic purposes of the united
Developing friendly relations between nations. Being a center for harmonizing the
nations include
actions of nations.
Which of the following is a challenge faced Differences in consumer tastes and preferences
by companies entering the global market?
The text note 6 countries that are considered France, United Kingdom, Netherlands, United States, Japan, Germany.
the most important national sources in terms
of foreign direct investment. What are those
questions?
What is the benefit of the Internet? It makes it easier for buyers and sellers to connect.
Increased barriers to foreign direct
investment make it difficult to achieve the
globalization of markets and production.
Promoters of globalization argue that
economic stagnation in poor nations is
mainly due to the war, scant protection for
property rights, totalitarian governments,
and endemic corruption.
Colin told the management team that the free trade
company should produce the textiles for
new line of jackets in China because it would
allow them to price the clothing line lower,
which would then give consumers more
money to spend on other items. Colin is
making an argument for free trade.
The opponents of globalization argue that Eliminate manufacturing jobs and wealthy economies.
following barriers to international trade will
, Flexfabric is a medium size company based
in Virginia. Over the past five years, the
company has increased its international trade
efforts and now 35% of its business takes
place overseas. Flexfabric is an example of
mini-multinational
In return for offering loans, the international Enforces its economic policies on nations
monetary fund (IMF)
The stock of foreign direct investment refers
to the total cumulative value of foreign
investments.
The primary conveyor and culture in markets
around the world is the media.
The Internet has allowed firms to outsource
service activities to low-cost producers in
other nations.
An international business is any firm that
engages in cross-border trade or investment.
One characteristic of containerization is that It reduces the cost of shipping goods over long distances.
Which of the following describes The impact The impediments make it difficult for companies to maximize productive activities.
of substantial impediments to globalization
that still exist?
What is an accurate description of the world It focuses on helping a developing countries to fight poverty through investments and
bank? the underlying structure of the country.
Company XYZ sources goods from South The globalization of production.
East Asia to take advantage of labor cost
savings. This is called
Land, labor, capital, and energy are all Production.
examples of factors of
The development of Internet technology has True
lowered the barriers that small firms face in
building international sales.
Of the 40 countries identified as "highly
indebted poorer countries," the governments
there are in debt as high as 85% of the value
of the economy. As a result, these countries
have difficulty investing in infrastructure and
education. Some say that free trade must be
in place to help these nations out of poverty.
Former communist nations present
opportunities to western international
business as these nations show continued
commitment to democracy
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