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30 Cards in this Set
- Front
- Back
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An example of domestic business is when a person living in Canada buys a product made in Germany.
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Flase
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Products sold by companies in the United States to customers in India are exports.
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True
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International trade usually reduces the product choices available to customers.
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False
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When consumers in the United States buy products made in Poland, they are buying imported goods.
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True
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Religious beliefs are not likely to influence international business activities.
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False
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Import taxes are a form of trade barrier.
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True
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Expanded international business activities make different types of jobs available for workers.
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True
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International business makes it possible for a company to increase sales by selling to customers in other countries.
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True
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Individuals, businesses, and countries all face the basic economic problem of limited resources to satisfy needs and wants.
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True
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International business can help to improve political relations among countries.
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True
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International business started when many transportation and communication inventions occured in the 1800s.
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Flase
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Culture refers to the type of government of a country.
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Flase
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Family relationships and religious activities influence the culture of a society.
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True
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The availability of natural resources affects the economic conditions of a country.
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True
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As a country expands its iinternational trade activities, the choice of goods available to consumers in that country usually decreases.
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False
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A global dependency exists when
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all of the above.
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Historically, international business
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probably occured as long as 15,000 years ago.
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All of the following are benefits of international business except
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decreased competition
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Free trade among countries can be restricted by
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all of the above
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An example of a cultural factor that can affect international business is
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the major religion prohibits the use of alcohol in any food products
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A country's need to purchase food from other countries is an example of
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global dependency
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Business activities that occur within one country are called
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domestic business
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Of the following statements about international business and individual citizens, the one that is not true is
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international competition usually results in fewer product choices for individuals
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An example of exporting would be
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products sold by a company in Mexico for purchase by Italian consumers.
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An example of trade barrier would be
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a limit on the number of foreign automobiles a country allows to be imported
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A cultural factor affecting international business activities would be
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family relationships.
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A political factor affecting international business activities would be
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the type of governement
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The economic conditions of a country refer to its
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decisions regarding the use of resources.
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International business most commonly affects consumers by creating
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a greater variety of buying choices
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Voting for public officials who want to expand foreign trade is part of a person's role as a
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citizen
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