Question 1

The rise of a new international entity called the ________ suggests that any firm,regardless of age,experience,and resources,can engage in international business.

Accepted Answer

The answer of The rise of a new international entity...

Question 2

Goods and services sold abroad and sent out of a country are called ________.

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The answer of Goods and services sold abroad and sent...

Question 3

Largely because of advances in ________,small and medium-sized companies are accounting for a greater portion of international business.

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The answer of Largely because of advances in ________,small and...

Question 4

The quest for ________ draws many companies into international markets.

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The answer of The quest for ________ draws many companies...

Question 5

The term ________ refers to entities cooperating across national boundaries.

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The answer of The term ________ refers to entities cooperating...

Question 6

________ involves the idea that a nation-state (1)is autonomous; (2)can freely select its government; (3)cannot intervene in the affairs of other nations; (4)can control movements across its borders;and (5)can enter into binding international agreements.

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The answer of ________ involves the idea that a nation-state...

Question 7

Drivers of the first age of globalization (from the mid-1800s to the 1920s)included the steamship,telegraph,railroad,and later,the ________ and airplane.

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The answer of Drivers of the first age of globalization...

Question 8

The two main forces that underlie the globalization of markets and production are ________ and technological innovation.

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The answer of The two main forces that underlie the...

Question 9

________ are special areas in which companies engage in tariff-free importing and exporting.

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The answer of ________ are special areas in which companies...

Question 10

The KOF Index of Globalization comprises a compilation of over a dozen variables within three categories: economic globalization,_____________,and political globalization.

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The answer of The KOF Index of Globalization comprises a...

Question 11

The four elements comprising the "global business environment" include ________,national business environments,the international business environment,and international firm management.

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The answer of The four elements comprising the "global business...

Question 12

________ is the value of all goods and services produced by a country's domestic and international activities over a one-year period.

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The answer of ________ is the value of all goods...

Question 13

The term ________ refers to national boundaries becoming less relevant.

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The answer of The term ________ refers to national boundaries...

Question 14

________ refers to the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service.

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The answer of ________ refers to the dispersal of production...

Question 15

National ________ is a strong shaper of a people's values,attitudes,customs,beliefs,and communication styles.

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The answer of National ________ is a strong shaper of...

Question 16

Companies that sell global products can reduce costs by ________ certain marketing activities.

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The answer of Companies that sell global products can reduce...

Question 17

The three main branches of the debate over income inequality are inequality within nations,inequality between nations,and ________.

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The answer of The three main branches of the debate...

Question 18

________ allows countries to specialize in producing goods and services in which they are most efficient.

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The answer of ________ allows countries to specialize in producing...

Question 19

________ is the sum of all individual nations' gross domestic product (GDP)figures.

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The answer of ________ is the sum of all individual...

Question 20

Makers of global seasonal products may supplement domestic sales with ________ to level their income streams.

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The answer of Makers of global seasonal products may supplement...

Quiz 1: Globalization