D270-Garcia Midterm (Chapter 1) Exam
Questions and Answers (Solved Papers)
The widening set of interdependent relationships among
people from different parts of a world that happens to be
divided into nations. - Correct Answers ✅Globalization
All commercial transactions, including sales, investments,
and transportation, that take place between two or more
countries. - Correct Answers ✅International Business
A company that starts out with a global focus because of it's
founder's international experience and because advances in
communication give it a good idea of where global markets
supplies are. - Correct Answers ✅Born-Global Company
When companies locate in areas with numerous competitors
and suppliers. - Correct Answers ✅Agglomeration/
Clustering
A nation's freedom to "act locally" and without externally
imposed restrictions - Correct Answers ✅Sovereignty
The dependence on production in a foreign country, usually
by shifting from a domestic source. - Correct Answers
✅Offshoring
A firm's decision to bring operations back to domestic
manufacturers and away from a foreign country. - Correct
Answers ✅Reshoring
Questions and Answers (Solved Papers)
The widening set of interdependent relationships among
people from different parts of a world that happens to be
divided into nations. - Correct Answers ✅Globalization
All commercial transactions, including sales, investments,
and transportation, that take place between two or more
countries. - Correct Answers ✅International Business
A company that starts out with a global focus because of it's
founder's international experience and because advances in
communication give it a good idea of where global markets
supplies are. - Correct Answers ✅Born-Global Company
When companies locate in areas with numerous competitors
and suppliers. - Correct Answers ✅Agglomeration/
Clustering
A nation's freedom to "act locally" and without externally
imposed restrictions - Correct Answers ✅Sovereignty
The dependence on production in a foreign country, usually
by shifting from a domestic source. - Correct Answers
✅Offshoring
A firm's decision to bring operations back to domestic
manufacturers and away from a foreign country. - Correct
Answers ✅Reshoring
