BUSMHR 2000 2025/2026 Exam
Questions and Correct Answers | New
Update
born global firm - 🧠 ANSWER ✔✔a young entrepreneurial company that initiates
international business activity very early in its evolution, moving rapidly into
foreign markets
International business (cross-border business) - 🧠 ANSWER ✔✔refers to firms'
performance of trade and investment activities across national borders
elements of international business - 🧠 ANSWER ✔✔1. globalization of markets
2. international trade
3. international investment
4. international business risk
, 5. participants: firms, intermediaries, facilitators, governments
6. foreign market entry strategies
globalization of markets - 🧠 ANSWER ✔✔economic integration and growing
interdependency of countries worldwide
internationalization - 🧠 ANSWER ✔✔the tendency of companies to deepen their
international business activities systematically
international trade - 🧠 ANSWER ✔✔describes the exchange of products
(merchandise) and services (intangibles) across national borders
exporting - 🧠 ANSWER ✔✔the sale of products or services to customers located
abroad from a base in the country to a third country
importing or global sourcing - 🧠 ANSWER ✔✔the procurement of products or
services from suppliers located abroad for consumption in the home country or
third country
international investment - 🧠 ANSWER ✔✔the transfer of assets to another country
or the acquisition of assets in that country
international portfolio investment - 🧠 ANSWER ✔✔the passive ownership of
foreign securities such as stocks and bonds to gain financial return
Questions and Correct Answers | New
Update
born global firm - 🧠 ANSWER ✔✔a young entrepreneurial company that initiates
international business activity very early in its evolution, moving rapidly into
foreign markets
International business (cross-border business) - 🧠 ANSWER ✔✔refers to firms'
performance of trade and investment activities across national borders
elements of international business - 🧠 ANSWER ✔✔1. globalization of markets
2. international trade
3. international investment
4. international business risk
, 5. participants: firms, intermediaries, facilitators, governments
6. foreign market entry strategies
globalization of markets - 🧠 ANSWER ✔✔economic integration and growing
interdependency of countries worldwide
internationalization - 🧠 ANSWER ✔✔the tendency of companies to deepen their
international business activities systematically
international trade - 🧠 ANSWER ✔✔describes the exchange of products
(merchandise) and services (intangibles) across national borders
exporting - 🧠 ANSWER ✔✔the sale of products or services to customers located
abroad from a base in the country to a third country
importing or global sourcing - 🧠 ANSWER ✔✔the procurement of products or
services from suppliers located abroad for consumption in the home country or
third country
international investment - 🧠 ANSWER ✔✔the transfer of assets to another country
or the acquisition of assets in that country
international portfolio investment - 🧠 ANSWER ✔✔the passive ownership of
foreign securities such as stocks and bonds to gain financial return
