BBB4M F15 Ch. 2 The Importance of International Business

The reason why a business would import is because the products are cheaper and unavailable.

What makes importing and exporting the easiest and safest way of international trade?

Canada's labor turnover rates is half America's, resulting in greater stability for companies.

What does a trade show do? 

A positive business climate is one that:

How many time zones are there in the world?

Strong written and spoken language skills are required and a second language is recommended.

International Business is business activities needed by producers to: 

Why do businesses expand globally?

Buying goods or services from another region or country is: 

Which is NOT an advantage of doing business in Canada?

How high has the value of Canada's export grown from 1997 to 2001 (in billion)?

Goods consist of:

What is outsourcing?

What is a development in communication technology that helped intl. business grow rapidly?

What is an example of diversifying a product line?

International Business has become less risky, less costly, and less time-consuming.

What is the benefit of experiencing abroad?

Canada's transportation system has only 4 modes of transport: Ship, Rail, Airplane, Pipeline.

What is a public sector investment?

Has global competition increased, decreased or stayed the same?

Why do companies expand internationally?

What is a helpful resource for getting into international business?

Which of the following is a Canadian export?

Selling goods or services to another region or country is: