What is globalization? What international business modes do companies that want to go global use? Briefly describe each method.

1. What is the difference between a monochronic and polychronic culture? How do these cultural differences affect the business practices of international companies?

2. What is gross national income? How is it calculated? Illustrate your answer with a specific example.

1. What are the disadvantages of import restrictions with respect to creating domestic employment opportunities?

2. What is value chain configuration? List and briefly analyze the factors that influence the configuration of the value chain.

1. What is the relationship between a company's international market and its production location decisions? How do businesses benefit from using scanning techniques when making location decisions?

2. Explain how franchise agreements differ from licensing agreements.

1. Compare push and pull promotion strategies in the context of international business.

2. You understand the complexities of international business much better than the average American person because you have taken this course. Considering post-pandemic global trade issues, explain the advantages and disadvantages of domestic and global sourcing of consumer and industrial goods.

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1 Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods services information and ideas on a global scale It involves the integration ... View the full answer