IBA final exam

Yemna, a recent business school graduate, loves adventure, so she is seeking a job in a foreign country to expand her sense of the world of business. She is being recruited by a company that has 50 employees and is looking to hire additional personnel to oversee the firm's exporting branch in Vietnam. What type of international business is recruiting Yemna? - Answer- Small enterprise In international business, cross-cultural risk can come from differences in language and culture. Which statement best explains why language is an important aspect of culture? - Answer- Language facilitates communication and sheds light on people's value systems. When companies systematically engage in increasing the international dimension of their business activities it is known as ________ - Answer- Internationalization Why would firms internationalize to earn higher margins and profits? - Answer- Market growth in mature countries is often flat, and foreign markets may be underserved. Starbucks sells coffee from a nonprofit organization that promotes the interests of the coffee growers. Why is this example important to you as a student of international business? - Answer- It demonstrates social responsibility and good environmental practices. Which type of investment is the passive ownership of foreign securities for the purpose of generating financial returns? - Answer- International portfolio investment When Nissan opened its first factory in the United Kingdom, many Japanese auto parts suppliers followed, establishing their own operations there. This is an example of ________. - Answer- better serving clients that have moved into foreign markets Companies primarily internationalize for the purpose of ________. - Answer- Gaining a competitive advantage W