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The domestic environment is all the controllable forces originating in the home country that surround and influence the life and
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The domestic environment is composed of all the uncontrollable forces originating in the __________ that surround and
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The expanding importance of foreign-owned firms in local economies has been viewed by a number of governments as a threat totheir autonomy. However, there has been a marked _______ of government policies and attitudes toward foreign investment in
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The external forces are commonly called _________ forces, which are the external forces that management has no direct control
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The external forces are commonly called uncontrollable forces, which are the external forces that management has no direct
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The five major kinds of drivers, all based on changes that are leading international firms to the globalization of their operations,
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The forces in the foreign environment are ________ as those in the domestic environment except that they occur outside thefirm's home country.the same.
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The foreign environment is composed of all the uncontrollable forces originating _______ that surround and influence the lifeand development of the firm.outside the home country
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The internal forces over which management does have some control, such as the factors of production and the activities of the
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The internal forces, such as the factors of production and the activities of the organization, are called the uncontrollable forces.
Part 1: The Challenging Context of International Business Answer
Key
True / False Questions
1.All managers need to have a basic knowledge of international business.
TRUE
Companies need employees with diversity of thought and diversity of values,
reflecting the increasing importance that globalization has for companies.
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 1 Easy
Learning Objective: 01-01 Show how international business differs from domestic business.
Topic: Why Study International Business?
2.International experience is valuable for mid-career individuals who aspire to higher
positions and greater responsibility, but not for students seeking their first job
beyond university.
FALSE
International experience is valuable for new hires just out of university, not only for
mid-career individuals who aspire to higher positions and greater responsibility.
Research shows that international business skills and knowledge are important not
merely for promotion to senior executive positions but also for appointment to
entry-level positions, and across a broad array of functional as well as cross-
functional areas.
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 1 Easy
Learning Objective: 01-01 Show how international business differs from domestic business.
Topic: Why Study International Business?