INTB 200 Exam 3 #1 Questions with correct answers
international business - ✔✔business that has operations in at least one foreign
country (products are localized)
Global business - ✔✔a business selling their in product in multiple countries
where they do not localize products (such as raw materials)
multinational corporation - ✔✔when a firm invests resources in business
activities outside its home country
globalization of markets - ✔✔Moving away from an economic system in which
national markets are distinct entities, isolated by trade barriers and barriers of
distance, time, and culture, and toward a system in which national markets are
merging into one global market.
globalization of production - ✔✔Trend by individual firms to disperse parts of
their productive processes to different locations around the globe to take
advantage of differences in cost and quality of factors of production.
International Monetary Fund - ✔✔
World Bank - ✔✔makes loans to countries for economic development, trade
promotion, and debt consolidation
World Trade Organization - ✔✔Polices world trading system and ensures nations
adhere to the rules established in treaties made
international business - ✔✔business that has operations in at least one foreign
country (products are localized)
Global business - ✔✔a business selling their in product in multiple countries
where they do not localize products (such as raw materials)
multinational corporation - ✔✔when a firm invests resources in business
activities outside its home country
globalization of markets - ✔✔Moving away from an economic system in which
national markets are distinct entities, isolated by trade barriers and barriers of
distance, time, and culture, and toward a system in which national markets are
merging into one global market.
globalization of production - ✔✔Trend by individual firms to disperse parts of
their productive processes to different locations around the globe to take
advantage of differences in cost and quality of factors of production.
International Monetary Fund - ✔✔
World Bank - ✔✔makes loans to countries for economic development, trade
promotion, and debt consolidation
World Trade Organization - ✔✔Polices world trading system and ensures nations
adhere to the rules established in treaties made
