BMAL 590 Global Dimensions of Business (Latest 2024/
2025 Updates STUDY BUNDLE PACKAGE WITH
SOLUTIONS) Qs & As|| 100% Correct| Grade A
(Verified Answers)
Globalization - ANSWERinternational transactions, cooperation, and competition
among firms
International Business - ANSWERany firm that engages in international trade or
investment
Globalization of Markets - ANSWERongoing economic integration and growing
interdependency of countries worldwide
Internationalization - ANSWERthe tendency of companies to deepen their
international business activities systematically
Elements of International Business - ANSWER-Globalization of markets
-International trade
-International investment
-International business risks
-Participants
-Foreign market entry strategies
international trade - ANSWERthe exchange of goods and services among nations
International Investment - ANSWERThe transfer of assets to another country or the
acquisition of assets in that country
international portfolio investment - ANSWERpassive ownership of foreign securities
such as stocks and bonds for the purpose of generating financial returns
FDI (Foreign Direct Investment) - ANSWERInvestment made by a foreign company in
the economy of another country.
What are two types of investment - ANSWERinternational portfolio investment and
FDI
What are the risks in international business - ANSWERcross-cultural risk, country risk,
currency risks, commercial risks
Cross cultural risks - ANSWERcultural differences, negotiation patterns, decision
making styles, ethical practices
, country risks - ANSWERunstable politics, unfavorable laws & regulations, inadequate
legal system, bureaucracy, corrption, fovernment internvention and protectionism,
mismanagement of national economy
currency risks - ANSWERThe potential for loss associated with fluctuations in the
foreign exchange market.
commercial risks - ANSWERfirms face a variety of pure risks that can have serious
financial consequences if a loss occurs
Who participates in international business? - ANSWERfocal firm, distribution channel
intermediary, facilitator, governments
focal firm - ANSWERThe initiator of an international business transaction, which
conceives, designs, and produces offerings intended for consumption by customers
worldwide. Focal firms are primarily MNEs and SMEs.
distribution channel intermediaries - ANSWERdeliver products and services in the
home country and abroad
facilitator - ANSWERA firm or an individual with special expertise in banking, legal
advice, customs clearance, or related support services that assists focal firms in the
performance of international business transactions.
freight forwarder - ANSWERAn organization that puts many small shipments
together to create a single large shipment that can be transported cost-effectively to
the final destination.
SOE (State Owned Enterprises) - ANSWERCompanies in which a majority of
ownership control is held by the government.
emerging market - ANSWERan economy that may not have been very strong in the
recent past, but that is in transition to becoming a stronger market
developed countries - ANSWERa wealthy country with an advanced economy.
Developed countries have many industries and provide a comfortable way of life for
most of their people.
developing countries - ANSWERa poor agricultural country that is seeking to become
more advanced economically and socially.
underdeveloped countries - ANSWERA country that is less developed economically
than most others, with little industry and little money spent on education, health
care, etc.
Smart phone market share in the US (2020-2022) - ANSWER50% apple ; 24%
samsung
2025 Updates STUDY BUNDLE PACKAGE WITH
SOLUTIONS) Qs & As|| 100% Correct| Grade A
(Verified Answers)
Globalization - ANSWERinternational transactions, cooperation, and competition
among firms
International Business - ANSWERany firm that engages in international trade or
investment
Globalization of Markets - ANSWERongoing economic integration and growing
interdependency of countries worldwide
Internationalization - ANSWERthe tendency of companies to deepen their
international business activities systematically
Elements of International Business - ANSWER-Globalization of markets
-International trade
-International investment
-International business risks
-Participants
-Foreign market entry strategies
international trade - ANSWERthe exchange of goods and services among nations
International Investment - ANSWERThe transfer of assets to another country or the
acquisition of assets in that country
international portfolio investment - ANSWERpassive ownership of foreign securities
such as stocks and bonds for the purpose of generating financial returns
FDI (Foreign Direct Investment) - ANSWERInvestment made by a foreign company in
the economy of another country.
What are two types of investment - ANSWERinternational portfolio investment and
FDI
What are the risks in international business - ANSWERcross-cultural risk, country risk,
currency risks, commercial risks
Cross cultural risks - ANSWERcultural differences, negotiation patterns, decision
making styles, ethical practices
, country risks - ANSWERunstable politics, unfavorable laws & regulations, inadequate
legal system, bureaucracy, corrption, fovernment internvention and protectionism,
mismanagement of national economy
currency risks - ANSWERThe potential for loss associated with fluctuations in the
foreign exchange market.
commercial risks - ANSWERfirms face a variety of pure risks that can have serious
financial consequences if a loss occurs
Who participates in international business? - ANSWERfocal firm, distribution channel
intermediary, facilitator, governments
focal firm - ANSWERThe initiator of an international business transaction, which
conceives, designs, and produces offerings intended for consumption by customers
worldwide. Focal firms are primarily MNEs and SMEs.
distribution channel intermediaries - ANSWERdeliver products and services in the
home country and abroad
facilitator - ANSWERA firm or an individual with special expertise in banking, legal
advice, customs clearance, or related support services that assists focal firms in the
performance of international business transactions.
freight forwarder - ANSWERAn organization that puts many small shipments
together to create a single large shipment that can be transported cost-effectively to
the final destination.
SOE (State Owned Enterprises) - ANSWERCompanies in which a majority of
ownership control is held by the government.
emerging market - ANSWERan economy that may not have been very strong in the
recent past, but that is in transition to becoming a stronger market
developed countries - ANSWERa wealthy country with an advanced economy.
Developed countries have many industries and provide a comfortable way of life for
most of their people.
developing countries - ANSWERa poor agricultural country that is seeking to become
more advanced economically and socially.
underdeveloped countries - ANSWERA country that is less developed economically
than most others, with little industry and little money spent on education, health
care, etc.
Smart phone market share in the US (2020-2022) - ANSWER50% apple ; 24%
samsung
