San Francisco State University

IBUS 330

Chapter 1

1)In chapter one, the opening showcase on flight from Mumbai to San Francisco demonstrated .

2. all products have the potential for being global products if the firm has the right knowledge on how to globalize

3. A group of nations who get together to integrate their economies in the hopes of amplifying resources, expanding downstream markets and improving each other ‘s economies is called :

4. which of the following is not an example of international business ?

5. Services can be             ?

6. Importing occurs when ?

7. According to the data presented in chapter one of the e – text, the U.S.A. led all countries in the world in the total value of goods and services imported into any individual country.

8. Most commercial business involves “ business to business “ transactions , where firm sell products or services to other firms , such as one firm selling raw materials to another firm for use in a new product . These transaction happen throughout the entire value chain.

9. International trade involves import and export of goods and services
10. The U.S.A leads all countries in the world in the total value of goods and services exported each year.

11. The process undertaken by global firm to make the best most rational economic decisions as to where to both acquire resources and locate manufacturing facllities is known as .

12. The                                                         is a very useful model of how internationalizing firms acquire and use upstream resources such as raw materials , energy personnel and capital ; of how they combine and transform those ingredients into much more valuable

products which are then moved through downstream channels of distribution to get them into the hands of either end – user (B2C) or industrial (B2B) consumers

13. which of the following words does not belong with the others in this group ?

14. Making the best , most economical decision as to where to source raw materials and locate production and distribution facilities in order to capture the maximum benefits of comparative advantage is known as                ?

15. Generally speaking a mining firm that is involved in producing global commodities such as copper ad other basic metals is going to pursue a global strategy, especially if it is not encumbered by many government regulations and other market imperfections.

16. which of the following is the best definition of what constitutes international business at its simplest level ?

17. FDI stand for ?

18. The value added chain includes which of the following activities ?

19. Domestic business firms that make their products locally and do not export are unaffected by what goes on in international business .

20 ) International business occurs when any value creation activity or transaction crosses at least one international border.

21. England’s cultural and commercial involvement with Inda began                                              
22. which of the following countries make up the BRICS ?

23. Which of the following is not necessarily an international business transaction?