The Texas triangle
San Antonio, Dallas, and Houston
$___ out of every $___ is spent on sport and sporting entertainment
$1 out of every $8
0:00
/
0:30
Sport is suggested as the ___th largest US industry
11th largest
Consists of transactions that are devised and carried ...
Spmt 337 Exam
1 (Notes 1) with
100% correct
answers 2024
The Texas triangle - answer San Antonio, Dallas, and Houston
$___ out of every $___ is spent on sport and sporting entertainment -
answer $1 out of every $8
Sport is suggested as the ___th largest US industry - answer 11th
largest
Consists of transactions that are devised and carried out across
national borders to satisfy the objectives of indivduals and
organizations - answer IB (international business)
The broadening and deepening of interdependence amongst sport
organizations and sport activities across the world - answer ISB
(international sport business)
The increasing integration of economies around the world,
particularly through trade and financial interaction, and includes
, also the movement of people or labor, and knowledge or technology,
across borders - answer Globalization
A business with extensive international operations in more than one
foreign country - answer MNC (multinational corporations)
Why do nations trade? - answer 1. boosts economic growth by
providing access to new markets and needed resources
2. more efficient production systems
3. less reliance on economies of home nations
Types of International Business (IB) - answer 1. export-import trade
2. foreign direct investment
3. licensing
4. franchising
5. management contracts
Domestically produced goods and services sold in markets in other
countries - answer Exports
Foreign-made products and services purchased by domestic
consumers - answer Imports
Types of direct investment strategies - answer 1. joint ventures
2. foreign subsidiaries
Country can maintain a monopoly or produce at a lower cost than
any competitor - answer Absolute advantage
ex) China's domination of silk production
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