International Business Part I Self-Review Questions
Dates, which EU countries involved in which round, GDP numbers, members countries of specific unions
Essay questions: examples, concepts
Chapter 4 – Culture
What are the characteristics of culture (4)?
How are social stratification and social mobility related?
Give some examples of differences in verbal and non-verbal communications
What is Hal’s Low-Context—High-context Approach?
What are Hofstede’s Five Dimensions?
Chapter 10 – International Cooperation
What are loopholes and exceptions allowed under the MFN principle?
The WTO was created in _____ at the _____ round
What is national treatment?
According to TRIMS, developed countries may not: (3)
List the 5 degrees of economic integration (low to high) + examples for first 4
List and describe the 4 (or 5) levels of governance in the EU. What are their roles?
What is harmonization and mutual recognition in the EU?
Chapter 11 – International Strategic Management
What are the 3 sources of competitive advantages for international business?
Describe the 4 strategic alternatives
o Degree of global efficiency and local responsiveness/flexibility?
What are the 4 components to consider in strategy deployment (questions that firms ask
themselves before entering the global market)?
List the 3 corporate strategies
List the 3 business strategies
o What is the difference between diversification and differentiation?