BUSA 4000 (4) Questions with CORRECT Answers
Question:
GDP (Gross Domestic Product)
Answer:
the total monetary or market value of all the finished goods and services produced
within a country's borders in a specific time period
Question:
What is IB?
Answer:
International business: refers to crossborder trade and investment activities by
firms.
Question:
How does IB differ from domestic business?
Answer:
IB is...
Question:
Globalization of Markets
Answer:
The ongoing economic integration and growing interdependency of countries
worldwide
Question:
Consequences of globalization: Job losses, contagion, market opportunities, new
competitors Megatrends in IBImpact of globalization and technology
Answer:
Worldwide reduction of barriers to trade and investment
, Question:
-Organizational Structure -Organizational Processes -Organizational Culture
-Visionary Leadership Global Firms
Answer:
a firm that, by operating in more than one country, gains R&D, production,
marketing, and financial advantages in its costs and reputation that are not
available to purely domestic competitors
Question:
Organizational Structure (Geographic Structure)
Answer:
The reporting relationships inside the firm "Boxes and Lines"
Question:
What is a visionary leader?
Answer:
A quality of senior management that provides superior strategic guidance for
managing efficiency, flexibility, and learning
Question:
"soft" -- style, skills, staff, shared values Gradual Elimination (Screening
Methodology for potential country markets 1)
Answer:
Firm starts with numerous prospective target countries and narrows the choices by
examining increasingly specific information. Initially, the researcher obtains
macrolevel indicators like population, income and economic growth before delving
into specific information
Question:
Indexing and Ranking (Methodology for potential country markets 2)
Answer:
Firms assigns scores to countries based on their overall market attractiveness.
For each country, the researcher identifies a set of market potential indicators
and ranks each country on each indicator. Weights are assigned to each variable to
establish its relative importance
Question:
GDP (Gross Domestic Product)
Answer:
the total monetary or market value of all the finished goods and services produced
within a country's borders in a specific time period
Question:
What is IB?
Answer:
International business: refers to crossborder trade and investment activities by
firms.
Question:
How does IB differ from domestic business?
Answer:
IB is...
Question:
Globalization of Markets
Answer:
The ongoing economic integration and growing interdependency of countries
worldwide
Question:
Consequences of globalization: Job losses, contagion, market opportunities, new
competitors Megatrends in IBImpact of globalization and technology
Answer:
Worldwide reduction of barriers to trade and investment
, Question:
-Organizational Structure -Organizational Processes -Organizational Culture
-Visionary Leadership Global Firms
Answer:
a firm that, by operating in more than one country, gains R&D, production,
marketing, and financial advantages in its costs and reputation that are not
available to purely domestic competitors
Question:
Organizational Structure (Geographic Structure)
Answer:
The reporting relationships inside the firm "Boxes and Lines"
Question:
What is a visionary leader?
Answer:
A quality of senior management that provides superior strategic guidance for
managing efficiency, flexibility, and learning
Question:
"soft" -- style, skills, staff, shared values Gradual Elimination (Screening
Methodology for potential country markets 1)
Answer:
Firm starts with numerous prospective target countries and narrows the choices by
examining increasingly specific information. Initially, the researcher obtains
macrolevel indicators like population, income and economic growth before delving
into specific information
Question:
Indexing and Ranking (Methodology for potential country markets 2)
Answer:
Firms assigns scores to countries based on their overall market attractiveness.
For each country, the researcher identifies a set of market potential indicators
and ranks each country on each indicator. Weights are assigned to each variable to
establish its relative importance
