WGU BUS 340 MIDTERM 1 EXAM 2024 WITH 100% CORRECT ANSWERS

WGU BUS 340 MIDTERM 1 EXAM 2024 WITH 100% CORRECT ANSWERS What are the four major categories of participants in international business? - correct answer -focal firm -distribution channel intermediary -facilitator -State-owned enterprise (SOE) What is a focal firm? - correct answer They initiate the IB transaction. They will create, design, and produce products or services to the supply chain that will then be distributed to customers worldwide Ex: Dell What is a distribution channel intermediary? - correct answer They provide focal firms with marketing and other logistics for distributing and/or selling their product in foreign markets what is a facilitator? - correct answer a firm or an individual who has special expertise in banking, legal advice, customs, etc., that will help the focus firm perform business in foreign markets. Facilitators are usually present within the local and foreign market(s). What is a freight forwarder? - correct answer a type of facilitator: arrange shipping on behalf of the export firm State-owned enterprise (SOE) - correct answer a company that is founded/owned by a government in order to perform commercial activities on the government's behalf What a