Match the term with its definition.
-The expansion of international business, encouraged by converging market preferences, falling trade barriers, and the integration of national economies

Question

Quizplus · Accepted Answer

Globalization refers to the expansion of international business and the integration of national economies. This is driven by factors such as market preferences and falling trade barriers.

Answer: A
 Cross-border acquisition refers to the purchase of a company located in a foreign country as a means of expanding business operations.

Answer: B
 Exporting refers to the sale of goods or services to customers located in foreign countries.

Answer: D
 Greenfield venture refers to the establishment of a new business operation in a foreign country, typically from scratch.

Answer: E
 Importing refers to the purchase of goods or services from foreign suppliers.

Answer: F
 Offshoring refers to the practice of moving business operations to a foreign country in order to take advantage of lower costs or other benefits.

Answer: G
 Trade intermediary refers to a third-party business entity that helps facilitate trade between companies located in different countries.

Answer: H
 Trade mission refers to a business delegation sent to a foreign country in order to explore potential business opportunities and establish relationships with local companies.

Match the Term with Its Definition