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Exam (elaborations)
INTB 200 Exam with 100% correct answers 2025
Globalization has resulted in_____? correct answersan in increase use of outsourcing 
 
Early outsourcing efforts were primarily confined to _____? correct answersManufacturing activities 
 
The world trade organization promotes____? correct answersThe lowering of barriers to cross-border trade and investment 
 
Which institution was established to maintain order in the international monetary system? correct answersThe IMF - International Monetary Fund 
 
What term is used to describe a state in...
Exam (elaborations)
INTB 200 Exam with 100% correct answers 2025
Popularinternational business correct answersbusiness that has operations in at least one foreign country (products are localized) 
 
Global business correct answersa business selling their in product in multiple countries where they do not localize products (such as raw materials) 
 
multinational corporation correct answerswhen a firm invests resources in business activities outside its home country 
 
globalization of markets correct answersMoving away from an economic system in which national marke...