International business involves the buying, selling, and trading of goods and services across national boundaries.
Licensing is a way of entering the international marketplace without spending large amounts of money abroad.
Protective tariffs raise the price of foreign goods to allow competition with more expensive domestic goods.
Customizing products, promotion, and distribution according to cultural, technological, and national differences indicates a
When Solar Tech, Inc., of Taos, New Mexico, sells thin film solar panels to a firm in Tokyo, Japan, Solar Tech
is exporting the panels.
The fact that the American company 3M owns a film-manufacturing facility in Italy is an example of
a direct investment
Because Colombia can produce coffee so much more efficiently than other items produced there, it has which of the following advantages?
If Peru wants to purchase machine parts from a German company but does not have any euros, it will probably borrow the euros from which of the following institutions?
International Monetary Fund
When two computer companies joined together in hopes of obtaining a competitive advantage on a worldwide basis, this exemplifies a
Which of the following is formally called the International Bank for Reconstruction and Development?
A change in administration in a foreign government that is hostile to foreign trade is an example of a
A corporation that operates in several countries but without significant ties to any of them is a(n)
The difference between the flow of money into and out of a country is called its
Balance of payments
Which of the following is not something that the International Monetary Fund does?
Provides individual home and auto loans