BUSI Chapter 3 Assignment ,Homeworkand
answers
Although the United States has a market of over 300 million people, there are over 7.7 billion potential
customers in the ____ market. - (correct Answer) - global, world, or international
Free trade is the movement of goods and services among nations: - (correct Answer) - without political
or economic barriers
The guiding principle of free economic exchange is _________________ _________________ theory. -
(correct Answer) - Blank 1: comparative
Blank 2: advantage
Homework Assignment
Businesses use different strategies to compete in global markets. Each provides different economic
opportunities, along with specific commitments, control, risk, and profit potential. Rate 1(least) to 6
(most) - (correct Answer) - 1 - Licensing
2 - Exporting
3 - Franchising
4 - Contract Manufacturing
5 - Joint Venture/Strategic Alliance
6 - Foreign Direct Investment
Video Assignment
The first interview clip in the video talks about the first thing Domino's tries to learn about a new country
before entering. To which of the categories of conducting a country market assessment is the speaker
referring? - (correct Answer) - sociocultural
Video Assignment
If Domino's decided to own all of its stores in a country, this would be an example of which global entry
answers
Although the United States has a market of over 300 million people, there are over 7.7 billion potential
customers in the ____ market. - (correct Answer) - global, world, or international
Free trade is the movement of goods and services among nations: - (correct Answer) - without political
or economic barriers
The guiding principle of free economic exchange is _________________ _________________ theory. -
(correct Answer) - Blank 1: comparative
Blank 2: advantage
Homework Assignment
Businesses use different strategies to compete in global markets. Each provides different economic
opportunities, along with specific commitments, control, risk, and profit potential. Rate 1(least) to 6
(most) - (correct Answer) - 1 - Licensing
2 - Exporting
3 - Franchising
4 - Contract Manufacturing
5 - Joint Venture/Strategic Alliance
6 - Foreign Direct Investment
Video Assignment
The first interview clip in the video talks about the first thing Domino's tries to learn about a new country
before entering. To which of the categories of conducting a country market assessment is the speaker
referring? - (correct Answer) - sociocultural
Video Assignment
If Domino's decided to own all of its stores in a country, this would be an example of which global entry
