Globalization

The __________________ involves trading between people from different nations.

A country that ___________________ products buys the from foreign sellers.

Global trade provides opportunities for entrepreneurs

• True

• False

Importing and exporting are business activities

• True

• False

Services cannot be exported

• True

• False

Trade barriers make it easier for entrepreneurs to import and export

• True

• False

The internet makes it easier to participate in international trade.

• True

• False

Multinational companies do not have to consider culture when expanding internationally

• True

• False

One way entrepreneurs help their local economy is by paying local taxes that benefit schools and other public services.

• True

• False

Culture includes languages, beliefs, attitudes, customs, manners and habits, however, these things does not affect how consumers act in the marketplace.

• True

• False