KIM EXAM 1 MAN 3600 QUESTIONS AND ANSWERS 100% SOLVED

KIM EXAM 1 MAN 3600 QUESTIONS AND ANSWERS 100% SOLVED The Nature of International Business - all value-adding activities (including sourcing, manufacturing, and marketing ) can be performed in international locations. What can international trade involve? Products, services, capital, technology, know-how, and labor. How do firms internationalize? through various entry strategies, such as exporting and foreign direct investment (FDI) Dimensions of International Business - Globalization of markets - International Trade - International Investment - International Business risks - Participants (firms, intermediaries, facilitators, governments) - Foreign Market Entry Strategies International Business Performance of trade and investment activities by firms across national borders (MNE or MNC) Globalization of Markets ongoing economic integration and growing interdependency of countries worldwide International Trade Exchange of products and services across national borders, typically through exporting and importing exporting Sale of products or services to customers located abroad Importing (or global sourcing) procurement (to obtain) of products or services from suppliers located abroad for consumption in the home country or a third country