International Business‚ 14e (Daniels et al.) Chapter 2 The Cultural Environments Facing Business 1) ________ consists of specific learned norms based on attitudes‚ values‚ and beliefs of a group of people. A) Ethnology B) Civilization C) Culture D) Doctrine Answer: C Diff: 1 Skill: Concept Objective: 1 AACSB: Multicultural and diversity understanding 2) Which of the following is NOT true about cultural diversity? A) Companies may gain competitive advantages by bringing together people of
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While business ethics emerged as a field in the 1970s‚ international business ethics did not emerge until the late 1990s‚ looking back on the international developments of that decade. Many new practical issues arose out of the international context of business. Theoretical issues such as cultural relativity of ethical values receive more emphasis in this field. Other‚ older issues can be grouped here as well. Issues and subfields include: The search for universal values as a basis for international
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#1 What marketing strategy was Levi Strauss using until the early 2000s? Why did this strategy appear to work for decades? Why was it not working by the 2000s? The marketing strategy used until the early 2000s was very simple. The strategy was to sell the same products worldwide and not to change them based on location or culture. This strategy appeared to be working because many people just wanted jeans and at the time this is what was offered and so people bought them. The old strategy was designed
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International Business‚ 6e (Wild/Wild) Chapter 1 Globalization 1) International business is any commercial transaction that crosses the borders of two or more nations. Answer: TRUE Diff: 1 Page Ref: 4 AACSB: Dynamics of the global economy Skill: Concept Objective: Chapter 1-LO1 2) Imports are goods and services purchased abroad and brought into a country. Answer: TRUE Diff: 1 Page Ref: 4 AACSB: Dynamics of the global economy Skill: Concept Objective: Chapter 1-LO1 3)
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* Focus on main concepts of chapters * Know what Externalization is (pg. 233-234) * People maintain the view that corporations have responsibilities that go beyond making money because of their great social and economic power. Business is governed by an implicit social contract that requires it to operate in ways that benefit society. In particular‚ corporations must take responsibility for the unintended side effects of their business transactions (externalities) and weigh the full social
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INTERNATIONAL BUSINESS Pham To Mai Faculty of Economics National University of HCMC Part II INTERNATIONAL BUSINESS ENVIRONMENT INTERNATIONAL TRADE THEORY AND POLICY INTERNATIONAL TRADE THEORY Mercantilism Gold and silver were mainstays of national wealth. It was in a country‟s best interests to maintain a trade surplus maximize exports and minimize imports. Limitation: “Zero-sum game” Theory of Absolute Advantage Adam Smith (1776) Countries should produce
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interdependent world economy is referred to as a) economic integration b) economic interdependency c) globalization d) internationalization The correct answer is c. The merging of historically distinct and separate national markets into one huge global marketplace is known as a) global market facilitation b) cross-border trade c) supranational market integration d) the globalization of markets The correct answer is d. Firms that are involved in international business tend to be a) large b) small c) medium-sized
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production or business in a country by an individual or company of another country‚ either by buying a company in the target country or by expanding operations of an existing business in that country. The accepted proportion for a foreign direct investment relationship‚ as defined by the OECD Organization for Economic Co-operation and Development‚ is 10%. That is‚ the foreign investor must own at least 10% or more of the voting stock or ordinary shares of the investee company. Example of
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Chapter 2—Understanding Politics‚ Laws‚ & Economics TRUE/FALSE 1. Formal and informal policies are popularly known as "the rules of the game." ANS: T PTS: 1 DIF: Moderate REF: p. 20 OBJ: 2.1 NAT: AACSB: Tier 1 Communication | Tier 2 Legal Responsibilities 2. Two "pillars"—the regulatory and the normative pillar—support informal institutions. ANS: F PTS: 1 DIF: Easy REF: p. 21 OBJ: 2.1 NAT: AACSB: Tier 1 Reflective Thinking | Tier 2 Legal Responsibilities 3. Informal institutions
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Quiz 1 1. An increase in the imports of clothing into the U.S from India wills benefits the____________ & hurt the___________. A) U.S. clothing producers; Indian clothing producers B) Indian consumers; Indian clothing producers C) U.S consumers; Indian clothing producers D) U.S consumers; U.S clothing produces 2. Suppose Country A‚ a labor-abundant country‚ produces only wheat & cloth. The following equations illustrate the prices & costs of wheat and cloth in
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