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CHAPTER 1 GLOBALIZATION LEARNING OBJECTIVES: 1.1 Identify the types of companies active in international business. 1.2 Explain globalization and how it affects markets and production. 1.3 Detail the forces that drive globalization. 1.4 Outline the debate about globalization’s impact on […]

Quick Study Questions Quick Study 1 1. Q: What is the value of goods and services that all nations of the world export every year? A: Goods worth $16.2 trillion and services worth 4.7 trillion. 2. Q: A business that […]

CHAPTER 10 INTERNATIONAL MONETARY SYSTEM LEARNING OBJECTIVES: 10.1 Describe the importance of exchange rates to business activities. 10.2 Outline the factors that help determine exchange rates. 10.3 Explain attempts to construct a system of fixed exchange rates. 10.4 Describe efforts […]

Quick Study Questions Quick Study 1 1. Q: For a country with a currency that is weakening (valued low relative to other countries), what will happen to the price of its exports and the price of its imports? A: Devaluation […]

CHAPTER 11 INTERNATIONAL STRATEGY AND ORGANIZATION LEARNING OBJECTIVES: 11.1 Explain the company analysis techniques that precede strategy selection. 11.2 Describe the various strategies that companies use to reach their goals. 11.3 Outline the key issues behind the selection of organizational […]

Quick Study Questions Quick Study 1 1. Q: A written statement of why a company exists and what it plans to accomplish is called a what? A. Most companies have a general purpose for why they exist that they express […]

CHAPTER 12 ANALYZING INTERNATIONAL OPPORTUNITIES LEARNING OBJECTIVES: 12.1 Explain the importance of examining basic appeal and national factors. 12.2 Describe how companies measure and select a market or site. 12.3 Identify the main sources of secondary market research data. 12.4 […]

Quick Study Questions Quick Study 1 1. Q: What is the first step in the screening process for potential markets and sites? A: The first step in identifying potential markets is to assess the basic demand for a product. Similarly, […]

CHAPTER 13 SELECTING AND MANAGING ENTRY MODES LEARNING OBJECTIVES: 13.1 Describe how companies use exporting, importing, and countertrade. 13.2 Explain the various methods of export/import financing. 13.3 Describe the different types of contractual entry modes. 13.4 Describe the various kinds […]

Quick Study Questions Quick Study 1 1. Q: What are the four steps, in order, involved in creating an export strategy? A: Companies should not simply respond to international requests for their products, but develop a detailed export strategy. First, […]

CHAPTER 14 DEVELOPING AND MARKETING PRODUCTS LEARNING OBJECTIVES: 14.1 Describe the factors to consider in developing international product strategies. 14.2 Outline the international promotional strategies and methods available to firms. 14.3 Explain the factors to consider when designing international distribution […]

Quick Study Questions Quick Study 1 1. Q: Deciding whether to keep a marketing strategy the same or modify it a broad is also known as what? A: This dilemma is referred to as the standardization versus adaptation decision. U.S. […]

CHAPTER 15 MANAGING INTERNATIONAL OPERATIONS LEARNING OBJECTIVES: 15.1 Describe the elements to consider when formulating production strategies. 15.2 Outline the issues to consider when acquiring physical resources. 15.3 Identify the key production matters that concern managers. 15.4 Explain the potential […]

Quick Study Questions Quick Study 1 1. Q: Assessing a firm’s ability to produce enough output to satisfy demand is called what? A: Capacity planning is the process of assessing a company’s ability to produce enough output be expanded, and […]

CHAPTER 16 HIRING AND MANAGING EMPLOYEES LEARNING OBJECTIVES: 16.1 Explain the three types of staffing policies that companies use. 16.2 Describe the key human resource recruitment and selection issues. 16.3 Summarize the main training and development programs that firms use. […]

Quick Study Questions Quick Study 1 1. Q: A firm that staffs its operations abroad with home-country nationals uses a staffing policy called? A: In ethnocentric staffing, operations outside the home country are managed by individuals controls over the decision […]

CHAPTER 2 CROSS-CULTURAL BUSINESS LEARNING OBJECTIVES: 2.1 Explain culture and the need for cultural knowledge. 2.2 Summarize the cultural importance of values and behavior. 2.3 Describe the roles of social structure and education in culture. 2.4 Outline how the major […]

Quick Study Questions Quick Study 1 1. Q: How might a subculture differ from the dominant culture? A: A subculture can differ from the dominant culture in language, race, lifestyle, values, attitudes or other characteristics. 2. Q: What do we […]

CHAPTER 3 POLITICAL ECONOMY AND ETHICS LEARNING OBJECTIVES: 3.1 Describe the key features of each form of political system. 3.2 Explain how the three types of economic systems differ. 3.3 Summarize the main elements of each type of legal system. […]

Quick Study Questions Quick Study 1 1. Q: What features characterize the political ideology called pluralism? A: Pluralism is the belief that both private and public groups play important roles in a nation’ political activities. Each group (consisting of people […]

CHAPTER 4 ECONOMIC DEVELOPMENT OF NATIONS LEARNING OBJECTIVES: 4.1 Explain economic development and how it is measured. 4.2 Describe economic transition and its main obstacles. 4.3 Outline the various sources of political risk. 4.4 Explain how companies can manage political […]

Quick Study Questions Quick Study 1 1. Q: An increase in the economic well-being, quality of life, and general welfare of a nation’s people is called what? A: Economic development is a measure for gauging the economic well-being of one […]

CHAPTER 5 INTERNATIONAL TRADE THEORY LEARNING OBJECTIVES: 5.1 Describe the benefits, volume and patterns of international trade. 5.2 Explain how mercantilism worked and identify its inherent flaws. 5.3 Detail the theories of absolute advantage and comparative advantage. 5.4 Summarize the […]

Quick Study Questions Quick Study 1 1. Q: List several benefits of international trade? A: International trade provides a country’s people with a greater choice of goods and services. countries. 2. Q: World merchandise exports are valued at how many […]

CHAPTER 6 POLITICAL ECONOMY OF TRADE LEARNING OBJECTIVES: 6.1 Explain why governments sometimes intervene in trade. 6.2 Outline the instruments that governments use to promote trade. 6.3 Describe the instruments that governments use to restrict trade. 6.4 Summarize the main […]

Quick Study Questions Quick Study 1 1. Q: Free trade is the pattern of imports and exports that occurs in the what? A: It is the pattern of imports and exports that occurs in the absence of trade barriers. 2. […]

CHAPTER 7 FOREIGN DIRECT INVESTMENT LEARNING OBJECTIVES: 7.1 Describe the worldwide pattern of foreign direct investment (FDI). 7.2 Summarize each theory that attempts to explain why FDI occurs. 7.3 Outline the important management issues in the FDI decision. 7.4 Explain […]

Quick Study Questions Quick Study 1 1. Q: The purchase of physical assets or significant ownership of a company abroad to gain a measure of management control is called what? A: Foreign direct investment is the purchase of physical assets […]

CHAPTER 8 REGIONAL ECONOMIC INTEGRATION LEARNING OBJECTIVES: 8.1 Outline the levels of economic integration and its debate. 8.2 Describe integration in Europe and its enlargement. 8.3 Describe the integration in the Americas and its prospects. 8.4 Summarize integration in the […]

Quick Study Questions Quick Study 1 1. Q: What is it called when countries in a region cooperate to reduce or eliminate barriers to the international flow of products, people and capital? A: Regional economic integration is the process whereby […]

CHAPTER 9 INTERNATIONAL FINANCIAL MARKETS LEARNING OBJECTIVES: 9.1 Explain the importance of the international capital market 9.2 Describe the main components of the international capital market. 9.3 Outline the functions of the foreign exchange market. 9.4 Explain the different types […]

Quick Study Questions Quick Study 1 1. Q: What is the purpose of the international capital market? A: First, it expands the money supply for borrowers. Companies unable to obtain funds from investors in the domestic market can seek financing […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 1 Globalization 1) Which of the following best defines international business? A) It includes all economic flows between two or more countries. B) It includes […]

Copyright © 2019 Pearson Education, Inc. 48) Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and ________. A) elevation of nationalism B) rise of closed economies C) political stagnation D) technological innovation […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 2 Cross–Cultural Business 1) ________ consists of specific learned norms based on attitudes, values, and beliefs of a group of people. A) Ethnology B) Civilization […]

Copyright © 2019 Pearson Education, Inc. 59) Reverse brain drain is the process by which ________. A) manual laborers migrate from low-income countries to high-income countries B) professionals are lured back to their homeland C) students from Europe choose to […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 3 Political Economy and Ethics 1) In ________ cultures, economic systems tend to provide incentives and rewards for a person’s private business initiatives. A) individualist […]

Copyright © 2019 Pearson Education, Inc. 55) Explain the benefits and drawbacks of a value-added tax. Answer: Many countries impose a value added tax (VAT)—a tax levied on each party that adds value to a product throughout its production and […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 4 Economic Development of Nations 1) Which of the following terms refers to the broadest measure of economic development of a country? A) gross domestic […]

Copyright © 2019 Pearson Education, Inc. 46) CADE Enterprises, a U.S. manufacturer, received assistance from the Overseas Private Investment Corporation when it expanded operations into Saudi Arabia. Which of the following types of support did CADE most likely receive from […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 5 International Trade Theory 1) The term ________ refers to the voluntary exchange of goods, services, assets, or money between one person or organization and […]

Copyright © 2019 Pearson Education, Inc. 53) Which of the following statements is true of the above scenario? A) Foodland has a comparative advantage in producing drinks. B) Drinkland cannot trade with Foodland because trade is too expensive. C) Drinkland […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 6 Political Economy of Trade 1) Free trade ________. A) is another term for managed trade B) implies that the national government exerts minimal influence […]

Copyright © 2019 Pearson Education, Inc. 58) Regulatory controls or bureaucratic rules designed to impair the rapid flow of imports into a country are called ________. A) local content requirements B) administrative delays C) voluntary export restraints D) import quotas […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 7 Foreign Direct Investment 1) Which type of investment involves the acquisition of foreign assets for the purpose of controlling them? A) foreign direct investment […]

Copyright © 2019 Pearson Education, Inc. 60) Coca-Cola has collaborative arrangements whereby it produces concentrate that it sells to other companies to bottle its drinks. Which of the following terms best describes this type of arrangement? A) vertical integration B) […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 8 Regional Economic Integration 1) The process whereby countries in a geographic area cooperate with one another to reduce or eliminate barriers to the international […]

Copyright © 2019 Pearson Education, Inc. 60) Which of the following countries has been facing difficulties in negotiations regarding its application for European Union membership? A) Bulgaria B) Czech Republic C) Romania D) Turkey Answer: D AACSB: Application of knowledge […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 9 International Financial Markets 1) Company debt normally takes the form of ________, and it is an asset that can be traded anywhere at any […]

Copyright © 2019 Pearson Education, Inc. 59) ________ refers to the most commonly quoted interest rate that London banks charge other large banks that borrow Eurocurrency. A) London Interbank Offer Rate (LIBOR) B) London Interbank Bid Rate (LIBID) C) Spot […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 10 International Monetary System 1) When the value of a country’s currency declines, the price of its ________. A) exports and imports on world markets […]

Copyright © 2019 Pearson Education, Inc. 57) Sam’s mentor is excited about the wheat prices in France and the U.S. because he sees an opportunity to buy wheat in the U.S. and sell it in France, which is known as […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 11 International Strategy and Organization 1) ________ is the process of identifying and selecting an organization’s objectives and deciding how the organization will achieve those […]

Copyright © 2019 Pearson Education, Inc. 74) Briefly describe the three generic business–level strategies, providing an example of each. 21 Answer: In addition to stipulating the overall corporate strategy, managers must also formulate separate business-level strategies for each business unit. […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 12 Analyzing International Opportunities 1) Which of the following is not one of the three steps in increasing market share, revenue, and profits? A) assess […]

Copyright © 2019 Pearson Education, Inc. 57) When developing a market-potential indicator for an emerging market, market growth rate is typically estimated from the ________. A) per capita private consumption B) GDP C) total population D) percentage of a market’s […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 13 Selecting and Managing Entry Modes 1) ________ is the most common form of international business activity. A) Exporting B) Licensing C) Countertrade D) Joint […]

Copyright © 2019 Pearson Education, Inc. Scenario: Gro-Tru Grows To Europe Gro–Tru, a maker of chemical fertilizers and pesticides, sees enormous growth potential in Central Europe. The company has received several inquiries from potential importers in the region, but in […]

International Business: The Challenges of Globalization, 9e (Wild) Chapter 14 Developing and Marketing Products 1) Governments in developing countries impose fewer consumer protection laws in order to ________. A) hold down production costs and consumer prices B) enable companies to […]

Copyright © 2019 Pearson Education, Inc. 60) Using examples, explain the circular process of marketing communication. 18 Answer: The process of sending promotional messages about products to target markets is called marketing communication. Communicating the benefits of a product can […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 15 Managing International Operations 1) Which of the following terms refers to the decision of whether to produce a component internally or to outsource it […]

Copyright © 2019 Pearson Education, Inc. Scenario: Audio Component Outsourcing Echo Corporation manufactures high-quality audio components, such as speakers, amplifiers, and receivers, for home entertainment systems. Echo has been losing market share in recent years due to the competitive pricing […]

Copyright © 2019 Pearson Education, Inc. International Business: The Challenges of Globalization, 9e (Wild) Chapter 16 Hiring and Managing Employees 1) The customary means by which a company fills up vacancies in its offices is called ________. A) a staffing […]

Copyright © 2019 Pearson Education, Inc. 62) Describe the differences between human resource management in a domestic setting and an international setting, and explain the three phases of human resources planning. 19 Answer: Human resource management (HRM) is the process […]