Questions and Answers of International Business The Challenges of Globaliza

Products often service different needs, appeal to different buyers, or are perceived differently in different markets. Consider a good or service that is sold in your country and another using
Parent firms and subsidiaries often transfer products among themselves as a price called what?
Financing Project. Suppose you and several classmates are a team assembled by the chief financial officer of a consumer-goods company based in Mexico. Your company wishes to expand internationally
Geocentric staffing is typically reserved for whom?
Suppose you and several of your classmates are a team assembled by your employer to decide whether to begin personality testing all employees. A British firm found that the top three reasons people
What type of training is said to get one “into the mind” of the local people?
A manager who goes to work in an unstable country might receive a bonus called what?
In terms of channel length, direct marketing is known as what?
Firms that standardize international advertising often control campaigns from where?
A strategic alliance is similar to a joint venture except for that it doesn’t involve what?
A disadvantage of both management contracts and turnkey projects is what?
A wholly owned subsidiary is a facility owned and controlled by what?
What is it called when companies use agreements to exchange intangible property?
A firm researching a very unfamiliar but potentially very profitable market might be best to do what?
As a team, select an emerging market that interests you. Start by compiling fundamental country data and then do additional research following the steps in this chapter. Flesh out the nature of the
What are possible sources of secondary research data?
What is the benefit of decentralized decision making in an organization?
Deciding on a general competitive strategy in the marketplace is the key to developing what?
An organizational structure that divides worldwide operations according to a firm’s product areas is called what?
A written statement of why a company exists and what it plans to accomplish is called a what?
A currency board is a monetary regime based on an explicit commitment to exchange domestic currency for what?
What is the name of the international monetary system that formed in 1944 following the demise of the gold standard?
What is the impact on purchasing power when growing demand for products outstrips a stagnant supply?
The view that prices of financial instruments reflect all publicly available information at any given time is called what?
What do we call the arrangement whereby a nation lets its currency float within a margin around the value of another more stable currency?
What is another name for a freely convertible currency?
What do we call the instantaneous purchase and sale of a currency in different markets to make a profit?
Research Project. Suppose your team works for a firm that has $10 million in excess cash to invest for one month. Your team’s task is to invest this money in the foreign exchange market to earn a
What is the name given to the risk of adverse changes in exchange rates?
Unbundling and repacking hard-to-trade financial assets into more marketable financial instruments is called what?
The numerator in a quoted exchange rate, or the currency with which another currency is to be purchased is called what?
Trade shifting away from nations not belonging to a trading bloc and member nations is called what?
What is the name of the grouping of 55 nations across the continent of Africa?
Why did nations belonging to the European Free Trade Association not want to join the European Union?
What countries belong to the regional trading bloc called CAFTA-DR?
A country may receive membership in the European Union once it meets what is called the what?
Differential tax rates and sanctions are policy instruments used by whom to do what?
Ownership restrictions and performance demands are policy instruments used by whom to do what?
Where adequate facilities are not present in a market, a firm may decide to undertake what?
Imagine that the United States slapped an antidumping duty of 30 percent on aircraft parts imported from China that it believed were being dumped in the U.S. market. Imagine that China then slapped a
Free trade is the pattern of imports and exports that occurs in the what?
What term often describes the nature of trade between a developing nation and a neighboring wealthy one?
Whenever optimizing productivity determines where a product’s components are manufactured and where it is assembled, the resulting pattern of activities resembled that predicted by which theory?
What name is given to the belief that a nation can increase its wealth only at the expense of other nations?
The economic and strategic advantage gained by being the first company to enter an industry is called what?
Mercantilist nations acquired colonies around the world to serve as sources of what?
What is the name of the theory that says countries produce and export goods that require resources that are abundant and import goods that require resources in short supply?
A nation that is able to produce a good more efficiently than other nations is said to have what?
What might result from unfavorable political relations among countries?
What is the name given to the forced transfer of assets from a company to the government with compensation?
During what time period did China undergo its most rigorous experience with central planning?
An increase in the economic well-being, quality of life, and general welfare of a nation’s people is called what?
The environmental impact of greenhouse gases that result from human activity is called what?
Countries with the greatest amount of freedom tend to have what?
By what other name is capitalism referred?
A legal tradition based on religious teachings is called what?
Laissez-faire economics calls for less government interference in commerce and what else?
Possible consequences of corruption include what?
Which legal system is based on a detailed set of written rules and statutes that constitute a legal code?
Communists believe that a violent revolution is needed to seize control over resources, wish to eliminate political opposition, and do what else?
In the Hofstede framework, the term “power distance” refers to what?
The departure of highly educated people from one profession, region, or nation to another is called what?
The law that restricts the gift giving by U.S. firms at home and abroad is called?
What do we call detailed knowledge about a culture that enables a person to work happily within it?
The Dalai Lama is the spiritual and political head of what religion?
A person and his or her immediate relatives including parents and siblings, is called what?
What do we call the belief that one man’s culture is superior to that of others?
What is an example of cultural imperialism?
India is home to more than 90 percent of the adherents of which religion?
What are examples of values?
Every culture has a communication system that it uses to convey what?
Regarding the debate over global inequality, experts tend to agree on what?
What nations rank high in terms of globalization?
Sustainability is development that meets present needs without compromising what?
A born global firm engages in international business from or near its inception and does what else?
In the debate over inequality between nations, evidence suggests that developing nations that are open to trade and investment do what?
A business that has direct investments in the form of marketing or manufacturing subsidiaries abroad in multiple countries is called a what?