IBUS
IBUS
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Examen
IBUS Final Exam questions and answers Graded A+| 2026 Updated
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---7abril 20262025/2026A+
- IBUS Final Exam questions and answers Graded A+| 
2026 Updated 
Exporting (Foreign Entry) 
Sale of products produced 
in one country to residents 
of another country. 
Firms often begin here then switch 
Advantages: 
Ability to realize location 
Increased speed and flexibility of engaging 
target markets 
Disadvantages: 
High transport costs 
Trade barriers 
Problems with local marketing agents 
Turnkey Project (Foreig
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DrJOHNJAMES
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Examen
IBUS 380 Exam questions and answers Graded A+| 2026 Updated
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--9abril 20262025/2026A+Disponible en un paquete
- IBUS 380 Exam questions and answers Graded A+| 2026 
Updated 
Per capita GDP is calculated by: - GDP ÷ population 
Purchasing Power Parity (PPP) adjusts GDP to reflect differences in: - cost 
of living 
Which group of countries is known as emerging markets? - BRICS 
Which of the following is an example of an emerging market country? - 
India 
Emerging markets are attractive because they often have: - Growing 
middle class 
Exporting is particularly suitable for: -
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DrJOHNJAMES
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Examen
IBUS 380 Exam1 questions and answers Graded A+| 2026 Updated
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--9abril 20262025/2026A+Disponible en un paquete
- IBUS 380 Exam1 questions and answers Graded A+| 
2026 Updated 
CHAPTER 1 - Introduction: What Is International Business? 
International Business - the buying, selling, and trading of goods and 
services across national boundaries 
Globalization of Markets - The exchange of cross cultural views, ideas, 
products, cultures, across different parts of the world 
Exporting - selling products to another country 
Importing - buying products from another country 
3 Kinds of International Invest...
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DrJOHNJAMES
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Examen
IBUS Exam 2 0_o Exam questions and answers Graded A+| 2026 Updated
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---9abril 20262025/2026A+
- IBUS Exam 2 0_o Exam questions and answers Graded 
A+| 2026 Updated 
Free trade agreement 
Agreement between countries to reduce or eliminate trade restrictions 
[ex. U.S has FTA's with Canada, Mexico and Israel] 
Export controls 
Government restrictions on what products can be exported and to which 
countries 
Export controls are determined by 
1. country of destination 
2. type of product 
Dual Use 
Product that has both civilian and military applications 
Governments restrict ...
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DrJOHNJAMES
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Examen
IBUS first Exam questions and answers Graded A+| 2026 Updated
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---7abril 20262025/2026A+
- IBUS first Exam questions and answers Graded A+| 2026 
Updated 
global value chain - stages of activities involved in producing a good or 
service with at least 2 stages taking place in different countries 
globalizations 1st unbundling - dividing production and consumption, 
emergence of massively vertically integrated factories, continuing technological 
advances, containerized shipping as trade supporting innovation, lowering 
communication costs (information technologies) 
globalizat...
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DrJOHNJAMES
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Examen
IBUS 380 Exam questions and answers Graded A+| 2026 Updated
-
--7abril 20262025/2026A+Disponible en un paquete
- IBUS 380 Exam questions and answers Graded A+| 2026 
Updated 
Free Trade - The absence of restrictions (barriers) on the flow of goods and 
services between countries. 
Absolute Advantage - When a country can produce a good more efficiently 
(using fewer resources) than another country. 
Comparative Advantage - When a country can produce a good at a lower 
opportunity cost than another country, even if it is less efficient overall 
New Trade Theory - A theory that emphasizes economies of...
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DrJOHNJAMES
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Examen
Ibus Exam Two Exam questions and answers Graded A+| 2026 Updated
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---8abril 20262025/2026A+
- Ibus Exam Two Exam questions and answers Graded 
A+| 2026 Updated 
International trade 
the purchase, sale or exchange of goods and services across national borders. 
Benefits of International Trade -Creates jobs -Obtain goods and services -Obtain higher quality products 
Trade Deficit 
a nation's imports are greater than its exports 
Trade Surplus 
a nation's exports are greater than its imports 
Trade Dependence 
Developing nations are dependent on developed neighbors 
Theorie...
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Examen
ibus part 2Exam questions and answers Graded A+| 2026 Updated
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---6abril 20262025/2026A+
- ibus part 2Exam questions and answers Graded A+| 
2026 Updated 
6 Instruments of Trade Policy 
Tariffs, subsidies, import quotas/voluntary export restraints, local content 
requirements, admin policies, anti dumping policies 
Tariff rate quota 
Lower tariff applied when imports are within the quota, but higher when over 
quota 
Voluntary Export Restraints 
Voluntary imposed limits on what is exported (although its rarely voluntary and 
can come from presure) 
Local content requirement...
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DrJOHNJAMES
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Examen
IBUS 401 2nd Half Exam questions and answers Graded A+| 2026 Updated
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---7abril 20262025/2026A+
- IBUS 401 2nd Half Exam questions and answers Graded 
A+| 2026 Updated 
—Earnings assessment 
The parent's decision about whether a foreign subsidiary should reinvest earnings 
in a foreign country or remit earnings back to the parent may be influenced by 
exchange rate forecasts. 
—Long-term financing decisions 
MNCs that issue bonds to secure long-term funds may consider denominating the 
bonds in foreign currencies. 
Technical forecasting 
involves the use of historical data t...
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DrJOHNJAMES
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Examen
IBUS test Exam questions and answers Graded A+| 2026 Updated
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---5abril 20262025/2026A+
- IBUS test Exam questions and answers Graded A+| 2026 
Updated 
Globalization 
The shift toward a more integrated and interdependent world economy through 
flows of goods, services, capital, technology, and people. 
Globalization of Markets 
The merging of national markets into a single global marketplace. 
Globalization of Production 
Sourcing goods and services from locations worldwide to take advantage of cost 
and quality differences. 
Declining Trade and Investment Barriers 
The r...
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DrJOHNJAMES