Question 1
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Containerization allows:
a. simplification of transshipment from one mode of transport to another.
b. enterprises to coordinate and control a globally dispersed production system.
c. reduction of the time needed to get from one location to another.
d. buyers and sellers to find each other easily.
Question 2
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_____ occurs when a firm exports goods or services to consumers in another country.
a. Foreign direct investment
b. International trade
c. Outsourcing
d. Inward investment
Question 3
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Globalization of markets results in markets becoming ____.
a. less diverse
b. less interdependent.
c. less competitive
d. more protected
Question 4
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A multinational enterprise (MNE) is a firm that ____.
a. exports its products to multiple countries.
b. does most of its business on the Internet.
c. lists its securities on a public exchange.
