ONLINE TEST :1 INTERNATIONAL BUSINESS

Making, buying, and selling goods and services within a country is called

• international business
• global dependency
• domestic business
• none of these

All business activities needed to create, ship, and sell goods and services across national borders are considered to be 

• domestic business
• international business
• global dependency
• none of these

An example of global dependency is when products are produced and used in the same country.

• True
• False

Historically, international business

• is a relatively new concept made possibly by communications technolgy
• probably occurred as long as 15,000 years ago
• declined when European countries created colonies on other continents
• none of these

A global dependency exists when

• massive crop failures require buying food from another country
• a country buys tools from another country because it does not have the technology to make the tools
• doctors travel to another country to provide healthcare because there is a shortage of medically-trained professionals in that country
• all of these

If a business is looking to expand internationally and is  researching a countries literacy level, technology, and infrastructure the business is looking into a countries . .

• Cultural Influences
• Geography
• Legal Concerns
• Economic Development

In order for Coca-Cola products to be bought and sold around the world, a country must have rights to a . .

• Franchise
• Business Ownership
• License
• Other

What is the largest franchise in the world?

• KFC
• Subway
• Wendy's
• McDonald's

Sony partnering up with The Shanghai Oriental Pearl Group to help increase sales of Playstation consoles is an example of a 

• Franchise
• Joint Venture
• Multinational Company
• License 

When preparing for an international business meeting, what should be your number one priority? 

• Researching Culture & Customs
• Researching Properties
• Weather
• Food