GCU BUS-390 (Global
Business) Midterm Study
Guide fully solved & updated
international business - answer Business that is carried out across
national borders, which includes international trade, foreign
manufacturing and the service industry is called
foreign business - answer Operations of a company outside its
home/domestic market (business conducted within a foreign country
is called
international company - answer A company with operations in
multiple nations is called a/an
environment - answer The term ________________ means all the forces
influencing the life and development of the firm
external forces - answer Management has no control over
______________ but can exert influence over them
internal and external - answer The forces influencing the life and
development of the firm are classified into which two categories?
uncontrollable - answer External forces are commonly called
_____________ forces
international - answer The __________ environment consists of
interactions between the domestic environmental forces and foreign
environmental forces
, foreign - answer The ______________ environment refers to all the
uncontrollable forces originating outside the home country that
surround and influence the firm
- answer describes a society's level of comfort with uncertainty
political, technological, market, cost, competitive - answer What are
the five major drivers that are leading firms to internationalize their
operations?
Institutions - answer are important to business decision makers
because they provide ways to settle conflicts between country and
resolve disagreements more easily than if one government worked
directly with another
formal, informal - answer The two basic types of institutions are
informal - answer The World Trade Organization has developed
extensive guidelines for trade, and these guidelines are followed
because they are identified as socially acceptable. The World Trade
Organization is a type of _________ institution
United Nations - answer Which worldwide organization has 193
member-nations and is dedicated to the promotion of peace and
global stability?
World Bank, International Monetary Fund - answer What are the two
major global monetary institutions established in Bretton Woods,
NH in 1944? __________ and __________
Business) Midterm Study
Guide fully solved & updated
international business - answer Business that is carried out across
national borders, which includes international trade, foreign
manufacturing and the service industry is called
foreign business - answer Operations of a company outside its
home/domestic market (business conducted within a foreign country
is called
international company - answer A company with operations in
multiple nations is called a/an
environment - answer The term ________________ means all the forces
influencing the life and development of the firm
external forces - answer Management has no control over
______________ but can exert influence over them
internal and external - answer The forces influencing the life and
development of the firm are classified into which two categories?
uncontrollable - answer External forces are commonly called
_____________ forces
international - answer The __________ environment consists of
interactions between the domestic environmental forces and foreign
environmental forces
, foreign - answer The ______________ environment refers to all the
uncontrollable forces originating outside the home country that
surround and influence the firm
- answer describes a society's level of comfort with uncertainty
political, technological, market, cost, competitive - answer What are
the five major drivers that are leading firms to internationalize their
operations?
Institutions - answer are important to business decision makers
because they provide ways to settle conflicts between country and
resolve disagreements more easily than if one government worked
directly with another
formal, informal - answer The two basic types of institutions are
informal - answer The World Trade Organization has developed
extensive guidelines for trade, and these guidelines are followed
because they are identified as socially acceptable. The World Trade
Organization is a type of _________ institution
United Nations - answer Which worldwide organization has 193
member-nations and is dedicated to the promotion of peace and
global stability?
World Bank, International Monetary Fund - answer What are the two
major global monetary institutions established in Bretton Woods,
NH in 1944? __________ and __________
