Basic International Concepts

Question 1

Define international business and explain terms and concepts related to international business and marketing.

Question 2

Compare and contrast the types of economic systems.

Question 3

Compare and contrast the types of economic systems.

Question 4

Explain the impact international business has on consumers, business, and countries.

Question 5

Define terms such as inflation, gross domestic product (GDP), purchasing power parity (PPP),balance of trade, foreign debt, and cost of living.

Question 6

Discuss the role the U.S. has played in international trade throughout history.

Question 7

Describe the decision-making process, opportunity costs, and scarcity as they relate to international business situations.

Question 8

Identify major trading regions and nations within those regions.

Question 9

Discuss the effect of literacy level, technology, natural resource availability, and infrastructure on the level of a country’s economic development.

Question 10

Identify the impact of geography on international business, including factors such as climate; time zones; distance; topography; and social, economic, and natural resources.

Question 11

Describe how concepts(e.g. Ethnocentrism, culture, social institutions, stereotyping, and cultural bias) affect conducting international business.

Question 12

Compare and contrast international and domestic business and marketing activities.

Question 13

Identify how economic issues (e.g., inflation, foreign debt, GD, PPP, interest rates, and cost of living) affect international business activities.

Question 14

Explain the relationship between international events and business activities.

Question 15

Evaluate how the political environment and geographic location of a given country impact international business and how business operates.

Question 16

Identify international trade partners and describe the trading patterns of companies based on region, state, and country