UPDATE!!!!GUARANTEED

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UPDATE!!!!2025/2026|GUARANTEED

Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? - ANSWER The new force view

Economic gains come from international trade because one country's exported goods, services or other items are unique, valuable, and difficult to duplicate to importing country - ANSWER Resource-based view

What is the aggregation of importing and exporting that leads to the country-level trade surplus or deficit? - ANSWER Balance of Trade

What is a cost of foreign direct investment? - ANSWER Developing countries may be exploited by multinational enterprises (MNE)

Which type of managerial capability is both challenging and difficult to imitate? - ANSWER Intangible capability

What may precious, rare and hard to duplicate resources and capabilities lead to for a firm? - ANSWER Sustained comparative advantage

Which theory of international trade states that poor countries often experience faster rates of economic growth compared to wealthy countries? - ANSWER The catch-up effect

What is the financial environment in which exchange rates and payments for goods and services are conducted? - ANSWER Commodity Exchange 1 / 2

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What happens to a country's real exchange rates and nominal interest rate as the price level increases, assuming all other factors are unchanged? - ANSWER Exchange rates depreciate, interest rates increase

What is the easiest method non-financial companies use to handle currency fluctuations? - ANSWER Commodity Trading

Which strategy minimizes the risk for unanticipated changes in future exchange rates? - ANSWER Currency Swap

A company is looking for a location with an abundance of ground breaking individuals, firms and universities. Which type of strategic goal is this company demonstrating? - ANSWER Innovation-seeking

What advantage comes with not sharing benefits with late entrants? - ANSWER First- mover advantage

Which entry mode is a non-equity arrangement for a company contemplating entry into a foreign market? - ANSWER Licensing

What size commitment is required for a non-equity mode of entry into a foreign market? - ANSWER Small commitment

What are two supportive pillars for an informal institution? - ANSWER Normative and Cognitive

What is the key role of an institution, according to the institution-based view? - ANSWER To reduce uncertainty

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