International Business Day 3

Which of the following is not one of the main international business strategies?

Logistics is concerned with planning, implementing, and controlling inventory throughout the demand chain.

This is issued by a bank and indicates that the bank will make payments under specific circumstances

This is a measure of how responsive demand for a product is to changes in prices.

In a joint venture, a firm owns 100% of the stock.

Which of the following is not a type of international staffing policy?

Inelastic demand is when a large change in price produces a significant change in demand

The four p's of international business marketing are promotion, product, publicity, and price.

Expatriate managers have a low failure rate.

This is a wholly-owned US govt agency that provides financing for the facilitation of exporting/importing?

Which of the following is not a key difference between developed and developing countries?

This is a draft payable on presentation to the drawee.

Which of the following is not a primary activity of international business?

A firm can enter a foreign market by exporting, FDI, licensing, or franchising.

These are the cost savings from learning by doing

This analysis should be used to answer make-buy decisions.

Which of the following is not a key international export document?

This is associated with the cost advantages stemming from large-scale production

Which of the following is not an example of cultural differences in international marketing strategy

This is an order written by an exporter instructing an importer to pay a specified amount of money at a specified time.

The primary goal of international business is to make a profit.

This is the trade of goods and services for other goods and services

Expatriate pay accounts for a base salary and benefits, along with potential premiums and allowances.

Supply chain management focuses on all activities from raw material to the end-customer.

·The choice of an optimal production location includes country factors, technological factors, and production factors.

Developed countries are economies in transition with lower income levels and rapid growth.

This serves as a receipt, a contract, and a document of title.

"Third world country" is a present-day term.

This is a manager who works in a foreign country to oversee operations, manage teams, and implement company strategies.