INTB 200 Exam 1 Questions with
Complete Solutions3
international business - ANSWERS-business that has operations in at least one foreign country
(products are localized)
Global business - ANSWERS-a business selling their in product in multiple countries where they
do not localize products (such as raw materials)
multinational corporation - ANSWERS-when a firm invests resources in business activities
outside its home country
globalization of markets - ANSWERS-Moving away from an economic system in which national
markets are distinct entities, isolated by trade barriers and barriers of distance, time, and
culture, and toward a system in which national markets are merging into one global market.
globalization of production - ANSWERS-Trend by individual firms to disperse parts of their
productive processes to different locations around the globe to take advantage of differences in
cost and quality of factors of production.
International Monetary Fund - ANSWERS-
World Bank - ANSWERS-makes loans to countries for economic development, trade promotion,
and debt consolidation
World Trade Organization - ANSWERS-Polices world trading system and ensures nations adhere
to the rules established in treaties made
Complete Solutions3
international business - ANSWERS-business that has operations in at least one foreign country
(products are localized)
Global business - ANSWERS-a business selling their in product in multiple countries where they
do not localize products (such as raw materials)
multinational corporation - ANSWERS-when a firm invests resources in business activities
outside its home country
globalization of markets - ANSWERS-Moving away from an economic system in which national
markets are distinct entities, isolated by trade barriers and barriers of distance, time, and
culture, and toward a system in which national markets are merging into one global market.
globalization of production - ANSWERS-Trend by individual firms to disperse parts of their
productive processes to different locations around the globe to take advantage of differences in
cost and quality of factors of production.
International Monetary Fund - ANSWERS-
World Bank - ANSWERS-makes loans to countries for economic development, trade promotion,
and debt consolidation
World Trade Organization - ANSWERS-Polices world trading system and ensures nations adhere
to the rules established in treaties made
