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International business

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International business
International Business: The New Realities, 2e (Cavusgil/Knight/Riesenberger)
Chapter 1 Introduction: What Is International Business?

1) International business is primarily carried out by individual companies.
Answer: TRUE
Diff: 1 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy

2) The globalization of markets refers to the growing independence and self-sufficiency of countries worldwide.
Answer: FALSE
Diff: 2 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy

3) International business today is predominantly the domain of large, multinational companies.
Answer: FALSE
Diff: 2 Page Ref: 13
Skill: Concept
Objective: 1-4
AACSB: Dynamics of the global economy

4) Exporting is an entry strategy involving the sale of products or services to customers located abroad.
Answer: TRUE
Diff: 1 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy

5) A country's economic assets are also known as factors of production.
Answer: TRUE
Diff: 2 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy

6) The two primary types of international investment are portfolio investment and foreign direct investment.
Answer: TRUE
Diff: 1 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
7) Over the last few decades, export activity by nations has grown more quickly than has domestic production.
Answer: TRUE
Diff: 2 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy

8) In the past, international trade and investment activities were mainly conducted by companies that sold services.
Answer: FALSE
Diff: 1 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy

9) Services are the fastest growing sector in international trade.
Answer: TRUE
Diff: 2 Page Ref: 8
Skill: Concept
Objective: 1-2
AACSB:
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    TOC \o "1-3" \h \z \u Executive summary PAGEREF _Toc402404170 \h 1Introduction PAGEREF _Toc402404171 \h 2PEST Analysis PAGEREF _Toc402404172 \h 3Political Environment: PAGEREF _Toc402404173 \h 4Economic environment: PAGEREF _Toc402404174 \h 5Social Environment: PAGEREF _Toc402404175 \h 9Technological environment: PAGEREF _Toc402404176 \h 11Business entry mode PAGEREF _Toc402404177 \h 12Exporting: PAGEREF _Toc402404178 \h 12Licensing: PAGEREF _Toc402404179 \h 13Franchising: PAGEREF _Toc402404180 \h 14Recommendation PAGEREF _Toc402404181 \h 15Conclusion PAGEREF _Toc402404182 \h 16References PAGEREF _Toc402404183 \h 17…

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