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BUSI 3250 Exam 1 Auburn University Questions and Answers
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BUSI 3250 Exam 1 Auburn University Questions and Answers
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BUSI 3250 Exam 1 Auburn UniversityQuestions and Answers
International Business - Answer-Business that is carried out across national borders.
Deals with domestic, foreign, and international.
Foreign Business - Answer-Denotes the operations of a company outside its home or
domestic market. Interchangeable with International Business
International Company - Answer-A company with operations in multiple nations
Environment - Answer-All the forces influencing the life and development of the firm.
Uncontrollable Forces - Answer-External forces that management has no direct control
over.
Uncontrollable Forces (PESTLE) - Answer-Political, Environmental, Socio-Cultural,
Technological, Legal, and Economic.
Bottom Line Pyramid - Answer-Prof. C. K. Prahalad created this to refer to the 3 billion
people who survive on less that $2 a day.
Self-reference Criterion - Answer-Unconscious reference to your own cultural values
when judging behaviors of others in a new and different environment. The thought that
the way our country does it is the best way.
What are the three choices international managers have in deciding what to do with a
concept or a technique employed in domestic ops? - Answer-Transfer it intact, adapt it
to local conditions, or not use it overseas.
International managers who ____________________ are better prepared to decide
which option to follow. - Answer-discover there are differences in the environmental
factors
When did the internationalization of business really gain traction? - Answer-100 years
ago
Transnational Corporation (TNCs) - Answer-An enterprise made up of entities in more
than one nation, operating under a decision making system that allows a common
strategy and coherent policies.
Foreign Direct Investment (FDI) - Answer-Direct investments in equipment, structures,
and organizations in a foreign country at a level sufficient to obtain significant
management control.
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