Forms of International Business

Front

When one country taxes the imports of another country that is called a(n) ?

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tariff

Front

What is the definition of globalization?

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The definition of globalization is the increasing interconnectedness and interdependence among countries.

Front

What are the key drivers of globalization in business?

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Advancements in technology, reduction of trade barriers, increased international competition, and the growth of multinational corporations.

Front

What are the risks associated with globalization in business?

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Increased competition, cultural barriers, political instability, economic volatility, and legal challenges.

Front

Buying goods and services from another country is considered?

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Importing

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Selling goods and services to another country is considered?

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Exporting

Front

A Company making, buying, and selling goods and services within a country.

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Domestic

Front

Any commercial transaction that crosses the borders of two or more nations is known as

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international business

Front

A business that has direct investments (in the form of marketing or manufacturing subsidiaries) abroad in several countries is called a ________.

Back

multinational corporation

Front

Of the following statements, the one that does not describe a joint venture is ________. Options: two or more companies agree to share a business project, they are especially popular for manufacturing projects because plants and facilities and resources can be shared, the higher risk can lead to greater profits

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all participating companies share the risks and benefits equally