BUSI 3250 Exam 1 Auburn University Questions and Answers 100% Pass

BUSI 3250 Exam 1 Auburn University Questions and Answers 100% Pass International Business - Correct Answer ️️ -Business that is carried out across national borders. Deals with domestic, foreign, and international. Foreign Business - Correct Answer ️️ -Denotes the operations of a company outside its home or domestic market. Interchangeable with International Business International Company - Correct Answer ️️ -A company with operations in multiple nations Environment - Correct Answer ️️ -All the forces influencing the life and development of the firm. Uncontrollable Forces - Correct Answer ️️ -External forces that management has no direct control over. Uncontrollable Forces (PESTLE) - Correct Answer ️️ -Political, Environmental, Socio- Cultural, Technological, Legal, and Economic. Bottom Line Pyramid - Correct Answer ️️ -Prof. C. K. Prahalad created this to refer to the 3 billion people who survive on less that $2 a day. Self-reference Criterion - Correct Answer ️️ -Unconscious reference to your own cultural values when judging behaviors of others in a new and different environment. The thought that the way our country does it is the best way. What are the three choices international managers have in deciding what to do with a concept or a technique employed in domestic ops? - Correct Answer ️️ -Transfer it intact, adapt it to local conditions, or not use it overseas. International managers who ____________________ are better prepared to decide which option to follow. - Correct Answer ️️ -discover there are differences in the environmental factors When did the internationalization of business really gain traction? - Correct Answer ️️ - 100 years ago Transnational Corporation (TNCs) - Correct Answer ️️ -An enterprise made up of entities in more than one nation, operating under a decision making system that allows a common strategy and coherent policies. Foreign Direct Investment (FDI) - Correct Answer ️️ -Direct investments in equipment, structures, and organizations in a foreign country at a level sufficient to obtain significant management control. FDI does what? - Correct Answer ️️ -Measures where and how fast internationalization is taking place. What is driving the internationalization of business? - Correct Answer ️️ -Five major kinds of driver, all based on change, are leading international firms to internationalize their operation. Five Major Drivers - Correct Answer ️️ -Political, Technol