BUSA 4000 Midterm Exam Review With Complete Solutions
100% Verified (BUSA4000 Updated)!!
What are the 4 risks of international business? - ANSWER>>-Cross-Cultural Risk
-Country Risk (political/legal)
-Currency )Financial) Risk
-Commercial Risk
Who Participates in International Business? - ANSWER>>- Multinational enterprise
(MNE)
- Small and Medium-Sized Enterprise (SME)
- Born global firm
- Non- governmental organizations
Multinational enterprise (MNE) - ANSWER>>A large company with substantial
resources that performs various business activities through a network of subsidiaries
and affiliates located in multiple countries
Small and Medium-Sized Enterprise (SME) - ANSWER>>Typically, companies with 500
or fewer employees, comprising over 90% of all firms in most countries. increasingly
engage in international business.
Born global firm - ANSWER>>A young, entrepreneurial S M E that undertakes
substantial international business at or near its founding.
Non-governmental organizations - ANSWER>>Many of these non-profit organizations
operate across national borders. They support special causes and represent the
interests of social issues, education, politics, and research
, Why do Firms Participate in IB? - ANSWER>>-To serve more effectively key customers
who have moved operations abroad
-To be closer to sources of supply, or to take advantage of global sourcing advantages
or flexibility in the sourcing of products
-To acquire inputs at a lower cost or of better value
-obtain economies of scale in sourcing, production, marketing, and R&D
-compete more effectively with international competitors
-invest in a potentially rewarding relationship with a foreign partner
Culture - ANSWER>>The values, beliefs, customs, arts, and other products of human
thought and work that characterize the people of a given society
Cross-cultural risk ANSWER>>•A situation or event where a cultural
miscommunication puts some human value at stake. It arises in environments
comprised of unfamiliar languages, and unique values, beliefs, and behaviors
Socialization ANSWER>>The process of learning the rules and behavioral patterns
appropriate to one's society
Which of the following kinds of risk is also referred to as political risk? -
ANSWER>>Country Risk
Which of the following is NOT an example of a cross-cultural risk factor? -
ANSWER>>Costs of production
International business is defined as the carrying out of _______ activities by firms across
national boundaries. - ANSWER>>Trade and Investments
Fluctuating exchange rates are an example of which of the following? -
ANSWER>>Currency risk
100% Verified (BUSA4000 Updated)!!
What are the 4 risks of international business? - ANSWER>>-Cross-Cultural Risk
-Country Risk (political/legal)
-Currency )Financial) Risk
-Commercial Risk
Who Participates in International Business? - ANSWER>>- Multinational enterprise
(MNE)
- Small and Medium-Sized Enterprise (SME)
- Born global firm
- Non- governmental organizations
Multinational enterprise (MNE) - ANSWER>>A large company with substantial
resources that performs various business activities through a network of subsidiaries
and affiliates located in multiple countries
Small and Medium-Sized Enterprise (SME) - ANSWER>>Typically, companies with 500
or fewer employees, comprising over 90% of all firms in most countries. increasingly
engage in international business.
Born global firm - ANSWER>>A young, entrepreneurial S M E that undertakes
substantial international business at or near its founding.
Non-governmental organizations - ANSWER>>Many of these non-profit organizations
operate across national borders. They support special causes and represent the
interests of social issues, education, politics, and research
, Why do Firms Participate in IB? - ANSWER>>-To serve more effectively key customers
who have moved operations abroad
-To be closer to sources of supply, or to take advantage of global sourcing advantages
or flexibility in the sourcing of products
-To acquire inputs at a lower cost or of better value
-obtain economies of scale in sourcing, production, marketing, and R&D
-compete more effectively with international competitors
-invest in a potentially rewarding relationship with a foreign partner
Culture - ANSWER>>The values, beliefs, customs, arts, and other products of human
thought and work that characterize the people of a given society
Cross-cultural risk ANSWER>>•A situation or event where a cultural
miscommunication puts some human value at stake. It arises in environments
comprised of unfamiliar languages, and unique values, beliefs, and behaviors
Socialization ANSWER>>The process of learning the rules and behavioral patterns
appropriate to one's society
Which of the following kinds of risk is also referred to as political risk? -
ANSWER>>Country Risk
Which of the following is NOT an example of a cross-cultural risk factor? -
ANSWER>>Costs of production
International business is defined as the carrying out of _______ activities by firms across
national boundaries. - ANSWER>>Trade and Investments
Fluctuating exchange rates are an example of which of the following? -
ANSWER>>Currency risk
