Chapter 03 – Business in a Borderless World
Chapter 03
Business in a Borderless World
True / False Questions
1. International business involves the buying, selling, and trading of goods and services across
national boundaries.
2. Nations trade with other nations to obtain resources that would otherwise be unavailable to
them.
3-12
24. Even when products are standardized, advertising often has to be modified to adapt to
local cultures.
25. Globalization involves standardizing products for the whole world as if it were a single
entity.
Multiple Choice Questions