Basic knowledge IB questions

A measure of how a nation's income is apportioned among its people is called

International trade includes exports, imports, and foreign direct investment.

International Organization for Standardization (ISO) is the only international standardizing organization.

Trompenaars’s specific-diffuse dimension has to do with

Trademark protection in most of the world is covered by the Madrid Agreement of 1891, which is administered by the

Where are the greatest urban shifts now occurring?

One reason a government chooses to restrict trade would be to

Understanding how religion affects cultural attitudes is important for marketing professionals to know.

The United States requires a higher standard of data privacy than found in the EU.

What is an example of an internal force that can affect a company’s environment?

Wind power is an example of a renewable energy source.

Environmental sustainability is about maintaining the environment, and it is both local and global.

The logo that allows consumers to identify a company or product is an example of a trademark.

The capability of a nation to produce more of a good/service than another country for the same or lower cost of input is

Market screening is used by a company to

The population of developing countries accounts for very little of the world’s total population.

A small food company operates solely within its country’s borders. It need only be concerned with the domestic market

Hofstede is primarily concerned with social values and the identified dimensions that help parents understand children

Mountains tend to impede trade, whereas flat areas tend to facilitate trade relationships.

Market screening helps a business to eliminate

Nuclear power is viewed as “clean” since it doesn’t contribute to climate change.

Supporters of mercantilism would agree that

What is predicted to happen with the population of many developed countries?

Environmental scanning is mostly used

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An example of a political driver of globalization is

Government motivation for restricting trade includes

According to the theory of comparative advantage, trade can benefit

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Environmental scanning provides the firm with information about world opportunities and threats.

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In high-context cultures, people tend to form long-lasting relationships that endure over time.