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International Business
International Business
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Introduction to International Business #business #international
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
When a country can produce a good or service at a lower cost than other countries they have
absolute advantage
comparative advantage
product advantage
competitive advantage
2
Bribery is legal in all countries.
True
False
3
All are cultural factors
except one
:
language
holidays
education
religion
4
What is
importing
?
Developing a new product in Europe
Buying goods from another country
Spending $ overseas
Selling goods to another country
5
Which of the following is
not
one of the four major IB factors?
Geography
Culture
Innovation, learning and adapting
Political/Legal
6
Political instability does not impact international business.
True
False
7
The difference between the amount of $ that comes into a country and the amount that goes out
balance of trade
net income
balance of payments
exchange rate
8
Identify
two
Geography factors:
type of government
climate
holidays
location
9
What is international business?
companies working together
two or more companies developing a product together
creating, shipping and selling goods across national borders
business transactions between two U.S. companies
10
Which of these is NOT an advantage of international business
cost of shipping products
more customers
more job opportunities
greater availability of resources
11
Cultural influences
do not
include
customs
language
education
religion
12
When a country's imports exceed its exports, there is a trade
balance
exchange
surplus
deficit
