IMS 3310 Quiz 1 Study Guide Solutions
International Business - ANSWER-Business that is carried out across national borders
Foreign Business - ANSWER-The operations of a company outside its home or domestic market
International Company (IC) - ANSWER-A company with operations in multiple nations
...
How evenly has trade grown? - ANSWER✔✔--The proportion of merchandise exports from Asia has
nearly doubled since 1980, with China accounting for nearly two-thirds of the increase.
-Rapid expansion of international trade has helped transform nations such as Singapore, Taiwan, and
South Korea form poverty in the 1950s to developed country standards of living, and 500 million Chinese
have been lifted out of poverty by China's trade-driven policies.
-The European Union increased its proportion of world trade, though the increase is largely due to the
EU's expansion to 28 member countries.
- More than half of the exports from developing nations go to developed nations.
Major Trading Partners: Their relevance for managers - ANSWER✔✔-1. The business climate in these
importing nations is already relatively favorable.
2. Export and import regulations are not insurmountable.
3. There should be no strong cultural objections at home to buying that nation's goods.
4. Satisfactory transportation facilities have already been established.
5. Import channel members are experienced in handling import shipments from the exporter's area.
6. Currency from the foreign country is available to pay for the exports.
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