BUSMHR 2000 EXAM 1 QUESTIONS AND
CORRECT ANSWERS | GRADED A+
GUARANTEE LATEST 2025-2026 UPDATE
MNE - Answer-Multinational Enterprise. a global firm that has
corporate units located in foreign countries.
Market motives - Answer-the motivation of a company to seize through
trade and/or investment or stand it's ground in the face of competitive
international business
Economic Motives - Answer-the motivation to increase return through
higher revenues or lower costs through international raw materials,
natural resources, a cheap labor supply for manufacturing goods
Strategic Motives - Answer-the motivations leading firms overseas to
capitalize on distinctive resources and capabilities developed at home.
These can include technologies and Economies of Scale.
Economies of Scale - Answer-as a company produces larger numbers of
a particular product, the cost of each of these products goes down
International versus Domestic Business - Answer-the variations in
business seen locally versus overseas including environmental dynamics
and operational nature
, Environmental Dynamics - Answer-Currency, inflation, interest rates,
accounting practices, cultures, social customs, laws, political stability of
another country
Operational Nature - Answer-communication, coordination, motivation,
differences in organizational principles and management philosophies,
made increasingly more difficult in an international setting
Globalization - Answer-The trend toward increased cultural and
economic connectedness between people, businesses, and organizations
throughout the world.
Global Institutions - Answer-(1) -Help manage, regulate, and police the
global marketplace.
-Promote the establishment of multinational treaties to govern the global
business system.
- General Agreement on Tariffs and Trade (GATT), World Trade
Organization (WTO), International Monetary Fund (IMF), World Bank,
United Nations (UN).
WTO - Answer-The World Trade Organization - an international body
that enforces agreements that reduce barriers to international trade;
successor to the GATT
IMF - Answer-International Monetary Fund//a United Nations agency
to promote trade by increasing the exchange stability of the major
currencies
CORRECT ANSWERS | GRADED A+
GUARANTEE LATEST 2025-2026 UPDATE
MNE - Answer-Multinational Enterprise. a global firm that has
corporate units located in foreign countries.
Market motives - Answer-the motivation of a company to seize through
trade and/or investment or stand it's ground in the face of competitive
international business
Economic Motives - Answer-the motivation to increase return through
higher revenues or lower costs through international raw materials,
natural resources, a cheap labor supply for manufacturing goods
Strategic Motives - Answer-the motivations leading firms overseas to
capitalize on distinctive resources and capabilities developed at home.
These can include technologies and Economies of Scale.
Economies of Scale - Answer-as a company produces larger numbers of
a particular product, the cost of each of these products goes down
International versus Domestic Business - Answer-the variations in
business seen locally versus overseas including environmental dynamics
and operational nature
, Environmental Dynamics - Answer-Currency, inflation, interest rates,
accounting practices, cultures, social customs, laws, political stability of
another country
Operational Nature - Answer-communication, coordination, motivation,
differences in organizational principles and management philosophies,
made increasingly more difficult in an international setting
Globalization - Answer-The trend toward increased cultural and
economic connectedness between people, businesses, and organizations
throughout the world.
Global Institutions - Answer-(1) -Help manage, regulate, and police the
global marketplace.
-Promote the establishment of multinational treaties to govern the global
business system.
- General Agreement on Tariffs and Trade (GATT), World Trade
Organization (WTO), International Monetary Fund (IMF), World Bank,
United Nations (UN).
WTO - Answer-The World Trade Organization - an international body
that enforces agreements that reduce barriers to international trade;
successor to the GATT
IMF - Answer-International Monetary Fund//a United Nations agency
to promote trade by increasing the exchange stability of the major
currencies
