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An international firm like 3M may design a product in one country, produce component parts for the product in another country, assemble the product in a third country, and export the product to several other countries. This scenario is made possible by:

A. The globalization of management
B. The globalization of marketing
C. The globalization of production
D. The globalization of technology

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Car manufacturers like General Motors, Ford, and Honda export goods and services to consumers in other countries. This practice is referred to as:

A. International trade
B. Country-to-country exchange
C. Global salesmanship
D. Cross-national barter

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__________ occurs when a firm invests resources in business activities outside its home country.

A. International diversification
B. Foreign direct investment
Cross-national investment
D. Transnational commerce

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According to data from the World Trade Organization, the volume of world trade has grown faster than the volume of world output since the 1950s. This relationship suggests all of the following except:

A. Nations are becoming increasingly self-sufficient for important goods and services
B. More firms are dispersing different parts of their overall production process to different locations around the globe to increase quality
C. The economies of the world's nation states are becoming more intertwined.
D. FDI is playing an increasing role in the global economy

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Economists argue that increased international trade and cross-boarder investments will result in __________ prices for goods and services.

A. Stable
B. Higher
C. unstable
D. Lower

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An international firm like 3M may design a product in one country, produce component parts for the product in another country, assemble the product in a third country, and export the product to several other countries. This scenario is made possible by:

A. The globalization of management B. The globalization of marketing C. The globalization of production D. The globalization of technology

Car manufacturers like General Motors, Ford, and Honda export goods and services to consumers in other countries. This practice is referred to as:

__________ occurs when a firm invests resources in business activities outside its home country.

According to data from the World Trade Organization, the volume of world trade has grown faster than the volume of world output since the 1950s. This relationship suggests all of the following except:

Economists argue that increased international trade and cross-boarder investments will result in __________ prices for goods and services.

A. The globalization of management
B. The globalization of marketing
C. The globalization of production
D. The globalization of technology