International Business Management Flashcard

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How has technological advancement impacted globalization?

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It has facilitated communication, trade, and the exchange of information worldwide.

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The various opportunities and threats that face multinational corporations are almost limitless, and the number and complexity of these factors ________ the number of products and the number of geographic areas served.

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dramatically increase with

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A population of 1.5 billion people in China represents an opportunity for:

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both production and sales

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In general, the discourses of globalization can be categorized into: Political, Economic, Cultural and Technological

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Political, Economic, Cultural and Technological

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Internationalization stimuli refer to:

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internal organizational factors arising from within the organization that influence a firm's decision to initiate, develop, and sustain international business activities.

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A Born Global firm is a firm that:

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from its birth seeks competitive advantage by using resources from different countries and by selling its products in multiple countries.

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Characteristics of a growing economy are __

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production increasing, unemployment decreasing, and foreign investment increasing.

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The market size ___.

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is the single most important element of a country’s attractiveness.

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Upper-middle-income countries, also known as industrializing or developing countries are those with GNI per capita ranging from:

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$4,126 to $12,475.

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An “emerging middle class” refers to ___.

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The growing number of people with significant purchasing power.