Question 1: Define globalization and state the current challenges globalization is facing.
Question 2: How could a multinational corporation benefit from investing in a poor or developing economy?
Question 3: What does the term culture mean? And how do cultural differences affect international businesses?
Question 4: Assume that a multinational corporation is searching for a foreign country to open a production facility in. How do the concepts of comparative advantage and comparative disadvantage affect the corporation's country selection?
Question 5: What are tariffs? And how do high tariffs affect the international business's selection of a country that it is considering importing its products to?
Question 6: What are the key differences between global standardization strategy and localization strategy?
Question 7: What factors should an international business that markets products in multiple countries consider before they design their marketing advertisements?
Question 8: How has COVID-19 affected the supply chain around the globe? And what contingency plans could international businesses put in place to prevent future supply chain disruptions?
Question 9: How do cultures and legal systems affect the hiring practices and the incentive system in international human resource management?
Question 10: What makes a country attractive for international business? List key factors you've learned in this course.