POB 1.03 Review

Which factor has aided the most in creating a global business environment?

A small-business owner whose business is a sole proprietorship is planning to “go global.” What method for going global would be best to recommend to the small-business owner?

Which affects the business environment because it provides the most options for consumers?

Which is a factor that affects the global business environment?

One reason that has caused the government's role in business to expand is that:

A U.S. company would decide to offer its products in other countries as a reason to:

Businesses that successfully adapt to current market situations often realize that:

Which situation would most likely indicate the need to adapt to changes in the business environment?

Which of the following is a disadvantage of globalization?

When two or more companies come together for a brief period of time to complete one business project this is called?

Verizon sells the OtterBox which is a case that protects iPhones from damage when mishandled. The fact that Verizon sells another company's product that compliments their services is an example of:

Alaska produces more salmon cheaper than any other state that exports salmon because of its location and climate. This is an example of what type of ADVANTAGE?

United States has become globally known for its production of wheat more resourcefully than China. It can produce the product with less human resources. This is an example of what type of ADVANTAGE?

Iran raised the prices of imported oil in order to increase the trade of their own oil in their nation. This is an example of which international trade barrier?

Which statement is true about balance of payment?

Which type of marketing structure has a lot of control over prices, has only a few firms (2-3), offers similar products, and is extremely difficult to create?

Which type of market structure has some control over prices, has many firms (100s), are similar, demand is perfectly elastic, and not hard to open?

Laos has limited infrastructure that will hinder international businesses to conduct transactions in it. This country depends heavily on the agricultural industry. Which main factor of the international business environment is this information about this country classified?

If a country is in a civil war and its government changes abruptly, this is an example of which factor that influences international currency exchange?

Which is an internal factor that might influence a business owner's decision making?

The international trade organization that protects and promotes public health by regulating and supervising of food safety is called?

A vendor is extending credit to the Jones Company in return for the Jones Company's agreement to use the vendor as the sole source of its supplies. What federal act is the vendor and the Jones Company violating?

An organization assisted two countries on settling a trade disagreement on the amount of bananas to be traded. This action is an example of assistance provided by which international trade organization?

Kenya’s Prime Minister meets with other government officials from Uganda, Ethiopia, and Somalia to agree to sell products and services tax free throughout their region in Africa. This an example of which international trade factor?

Business ethics involve considering issues about what is: