International Business
Quizes
2026
Question and Answers
Expert Verified
(With A+ Grades Guarantee)
,The term international Business usually refers to... D. any commercial transaction that crosses the borders of two or more nations
A. the outsourcing of goods and services from lower cost
locations to open new markets
B. the import of goods from anywhere in the world that
crosses the borders of two or more nations
C. the export of goods and services sold abroad and
sent out of the country
D. any commercial transaction that crosses the borders
of two or more nations
E.
the purchase of foreign assets abroad
Multinational corporations are key players in the E. have direct investments in the form of marketing or manufacturing subsidiaries
international business and can be described as abroad in multiple countries
companies that __________.
A. are engaged only in exporting products globally
B. employ thousands of workers
C. sell traditional products globally
D. tend to have innovative cultures
E. have direct investments in the form of marketing or
manufacturing subsidiaries abroad in multiple countries
What is a company that adopts a global perspective and A. A born global firm
engages in international business from or near its
inception known as?
A. A born global firm
B. An export management company
C. A custom broker
D. A multinational corporation
E. An international service representative
________ is the name we give to the trend toward E. globalization
greater economic, cultural, political, and technological
interdependence among national institutions and
economies.
A.
Internationalization
B.
Emerging economies
C.
Cross-cultural communication
D.
Customization
E.
Globalization
The convergence in buyer preferences in countries E. globalization of markets
around the world is referred to as ________.
A.
globalization of production
B.
diversity
C.
commercialization
D.
outsourcing
E.
globalization of markets
Companies that sell global products can standardize D reduce market costs
certain market activities in order to ________.
A.
develop new customers
B.
design different packaging to meet global customers'
needs
C.
overcome trade barriers
D.
reduce marketing costs
E.
account for the language spoken in each country
,Globalization of markets can benefit companies that sell C. is small or becoming saturated
a global product and creates new market opportunities
abroad especially if their home market _________.
A.
can sustain higher prices
B.
is diverse
C.
is small or becoming saturated
D.
is large and growing
E.
offers consistent increase in demand
A firm that produces a product with universal but A. international sales
seasonal appeal and is trying to level its income stream
and reduce or eliminate wide variations in domestic sales
can supplement its domestic sales with ________.
A.
international sales
B.
an introduction of new product lines
C.
hiring more sales staff
D.
an increase in its production capacity
E.
a reduction of overhead costs during the off season
Although companies that sell global products can reduce D. When the benefit of serving the customers with an adapted product may
costs by standardizing certain marketing activities, when outweigh the benefit of a standardized product
might this approach NOT benefit the company?
A.
When there is a need to better serve the customer in a
small market
B.
When selling industrial products
C.
When selling seasonal products
D.
When the benefit of serving the customers with an
adapted product may outweigh the benefit of a
standardized product
E.
When avoiding paying high tariff charges
Which of the following describes the sourcing of key B. Globalization of production
production inputs, such as raw materials or products, for
assembly as well as the international outsourcing of
services?
A.
Globalization of market
B.
Globalization of production
C.
Commercialization
D.
Internationalization of products
E.
Customization
Why do companies produce goods and services abroad? A.
A. To reduce their overall labor costs
To reduce their overall labor costs
B.
To promote economic development
C.
To avoid local environment laws
D.
To maintain peace and security
E.
To internationalize their operation
, Japan's largest paper company, Nippon Seishi, has A.
decided to own huge forests and corresponding guarantee a steady flow of its wood pulp
processing facilities in Australia, Canada, and the U.S. in
order to ________.
A.
guarantee a steady flow of its wood pulp
B.
access low-cost labor
C.
access highly skilled work force in Australia, Canada,
and the U.S.
D.
avoid paying higher Japanese taxes
E.
avoid trade surplus with these countries
Which are the two main forces that underlie the E.
globalization of markets and production? Falling barriers to trade and investment and technological innovation
A.
The North American Free Trade Agreement (NAFTA)
B.
Falling barriers to trade and expansion of regional trade
agreements
C.
The WTO role to enforce the rules of international trade
D.
The leading role that the World Bank plays to provide
financing
E.
Falling barriers to trade and investment and
technological innovation
The revision in 1994 of the GATT clearly defined E.
intellectual property rights in order to ________. give more protection to copyrights, trademarks, and patents
A.
facilitate the sharing of trade secrets
B.
further reduce average tariffs on merchandise trade
C.
promote free trade
D.
lower subsidies for agricultural products
E.
give more protection to copyrights, trademarks, and
patents
Which is a major flaw of the original GATT? C.
A. It lacked the power to enforce trade rules.
It enforced strict trade rules on participating nations.
B.
It did not make enough progress to reduce agriculture
subsidy.
C.
It lacked the power to enforce trade rules.
D.
It led to the increase of nontariff trade barriers.
E.
It did not reduce trade barriers low enough
The power of WTO that sets it apart from GATT is its B.
capability to do which of the following? Penalize offending nations and the power to settle trade disputes
A.
Lower the trade barriers
B.
Penalize offending nations and the power to settle trade
disputes
C.
Increase the number of member nations
D.
Help the free flow of trade among its member states
E.
Maintain fair trade policies
Quizes
2026
Question and Answers
Expert Verified
(With A+ Grades Guarantee)
,The term international Business usually refers to... D. any commercial transaction that crosses the borders of two or more nations
A. the outsourcing of goods and services from lower cost
locations to open new markets
B. the import of goods from anywhere in the world that
crosses the borders of two or more nations
C. the export of goods and services sold abroad and
sent out of the country
D. any commercial transaction that crosses the borders
of two or more nations
E.
the purchase of foreign assets abroad
Multinational corporations are key players in the E. have direct investments in the form of marketing or manufacturing subsidiaries
international business and can be described as abroad in multiple countries
companies that __________.
A. are engaged only in exporting products globally
B. employ thousands of workers
C. sell traditional products globally
D. tend to have innovative cultures
E. have direct investments in the form of marketing or
manufacturing subsidiaries abroad in multiple countries
What is a company that adopts a global perspective and A. A born global firm
engages in international business from or near its
inception known as?
A. A born global firm
B. An export management company
C. A custom broker
D. A multinational corporation
E. An international service representative
________ is the name we give to the trend toward E. globalization
greater economic, cultural, political, and technological
interdependence among national institutions and
economies.
A.
Internationalization
B.
Emerging economies
C.
Cross-cultural communication
D.
Customization
E.
Globalization
The convergence in buyer preferences in countries E. globalization of markets
around the world is referred to as ________.
A.
globalization of production
B.
diversity
C.
commercialization
D.
outsourcing
E.
globalization of markets
Companies that sell global products can standardize D reduce market costs
certain market activities in order to ________.
A.
develop new customers
B.
design different packaging to meet global customers'
needs
C.
overcome trade barriers
D.
reduce marketing costs
E.
account for the language spoken in each country
,Globalization of markets can benefit companies that sell C. is small or becoming saturated
a global product and creates new market opportunities
abroad especially if their home market _________.
A.
can sustain higher prices
B.
is diverse
C.
is small or becoming saturated
D.
is large and growing
E.
offers consistent increase in demand
A firm that produces a product with universal but A. international sales
seasonal appeal and is trying to level its income stream
and reduce or eliminate wide variations in domestic sales
can supplement its domestic sales with ________.
A.
international sales
B.
an introduction of new product lines
C.
hiring more sales staff
D.
an increase in its production capacity
E.
a reduction of overhead costs during the off season
Although companies that sell global products can reduce D. When the benefit of serving the customers with an adapted product may
costs by standardizing certain marketing activities, when outweigh the benefit of a standardized product
might this approach NOT benefit the company?
A.
When there is a need to better serve the customer in a
small market
B.
When selling industrial products
C.
When selling seasonal products
D.
When the benefit of serving the customers with an
adapted product may outweigh the benefit of a
standardized product
E.
When avoiding paying high tariff charges
Which of the following describes the sourcing of key B. Globalization of production
production inputs, such as raw materials or products, for
assembly as well as the international outsourcing of
services?
A.
Globalization of market
B.
Globalization of production
C.
Commercialization
D.
Internationalization of products
E.
Customization
Why do companies produce goods and services abroad? A.
A. To reduce their overall labor costs
To reduce their overall labor costs
B.
To promote economic development
C.
To avoid local environment laws
D.
To maintain peace and security
E.
To internationalize their operation
, Japan's largest paper company, Nippon Seishi, has A.
decided to own huge forests and corresponding guarantee a steady flow of its wood pulp
processing facilities in Australia, Canada, and the U.S. in
order to ________.
A.
guarantee a steady flow of its wood pulp
B.
access low-cost labor
C.
access highly skilled work force in Australia, Canada,
and the U.S.
D.
avoid paying higher Japanese taxes
E.
avoid trade surplus with these countries
Which are the two main forces that underlie the E.
globalization of markets and production? Falling barriers to trade and investment and technological innovation
A.
The North American Free Trade Agreement (NAFTA)
B.
Falling barriers to trade and expansion of regional trade
agreements
C.
The WTO role to enforce the rules of international trade
D.
The leading role that the World Bank plays to provide
financing
E.
Falling barriers to trade and investment and
technological innovation
The revision in 1994 of the GATT clearly defined E.
intellectual property rights in order to ________. give more protection to copyrights, trademarks, and patents
A.
facilitate the sharing of trade secrets
B.
further reduce average tariffs on merchandise trade
C.
promote free trade
D.
lower subsidies for agricultural products
E.
give more protection to copyrights, trademarks, and
patents
Which is a major flaw of the original GATT? C.
A. It lacked the power to enforce trade rules.
It enforced strict trade rules on participating nations.
B.
It did not make enough progress to reduce agriculture
subsidy.
C.
It lacked the power to enforce trade rules.
D.
It led to the increase of nontariff trade barriers.
E.
It did not reduce trade barriers low enough
The power of WTO that sets it apart from GATT is its B.
capability to do which of the following? Penalize offending nations and the power to settle trade disputes
A.
Lower the trade barriers
B.
Penalize offending nations and the power to settle trade
disputes
C.
Increase the number of member nations
D.
Help the free flow of trade among its member states
E.
Maintain fair trade policies
