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Exam Review Questions

International Business Exam Review 2013

Exam Format

• 60 True/False, Multiple Choice
• Acronyms/Short Forms
• Matching questions
• Short answer questions on globalization
• Thinking questions
• Advice Questions

Exam Content
• All units – notes are posted on the site if you lost your copy. Chapters 1 to 8 in your textbook. I didn’t cover everything in all chapters so use your notes as a guide.
• Know the basics of the case studies photocopied and distributed in class.

The exam covers the entire course.

Sample Globalization Questions
1. Explain how greater flows of money has lead to increased globalization.
2. Explain how globalization has lead to increased outsourcing

Sample Advice Questions
1. A Canadian food manufacturer is expanding internationally. The company is choosing between a centralized and a decentralized marketing strategy. Explain both options and provide a recommendation for the company.
2. A Canadian electronics company is building a branch plant in a country with high uncertainty avoidance. Give three pieces of advice for this company.

Review Questions

Know the following terms and concepts

― Absolute advantage
― Acquisition
― Business ethics
― Containerization
― Counter culture
― Disclosure rules
― Economies of scale
― Foreign ownership
― Foreign portfolio investment
― Free trade
― Global sourcing
― Interdependence
― Joint Venture
― Logistics
― Opportunity costs
― Protectionism
― Rationalization
― Spatial perception
― Subsidiary
― Supply chain
― Value added

Differentiate between and provide an example of each of the following sets of terms:
1. Primary, secondary and tertiary industries
2. Underdeveloped, developing and developed countries
3. Floating and fixed currencies
4. Command, marked and mixed economies
5. Monocronic vs Polycronic
6. Primary and secondary stakeholders
7. Cultural relativism and ethical imperialism
8. Centralized and decentralized marketing strategies
9. Multidomestic, global and transnational strategies
10. Manufacturing, distribution, and franchising licensing agreements
11. Offshoring, inshoring and nearshoring
12. Outsourcing and insourcing
13. Vertical and horizontal integration
14. Direct and indirect competition

Explain how each of the following concepts influences and affects the decisions on international businesses:
1. Cultural awareness/Cultural differences
2. Regulations in the labour market
3. Trade barriers
4. Government influence
5. CSR policies

Concepts and other important things:
1. List three positive and three negative effects of international business on Canadians
2. List five ways a business can be considered an international business
3. List the top three countries that Canada exports to and imports from
4. List and describe four ways a business can go international
5. List and describe six trade barriers
6. List three winners and three losers when the Canadian dollar is high
7. List and describe Hofstede’s five cultural dimensions
8. List and describe the four stages of the business cycle
9. List and describe six ways national and regional economies have become integrated
10. List and describe five pros and five cons of globalization
11. List and describe the 4 Ps of international marketing
12. List and describe the 6 links in the supply chain

Complete the following chart:

Acronym Full Name Description
NAFTA
OECD
G8
G20
APEC
UN
IMF
World Bank n/a
EU
WTO

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