Better Business, 5/e

Self Test: Multiple Choice

You can find the answers on the last page of this text.

1. 4-1 The globalization of markets refers to moving away from thinking

   1. the market for your product is local.

   2. that other countries are interested in trade.

   3. that every component of a product must be ­produced in this country.

   4. investment in foreign countries is a good idea.

2. 4-2 The globalization of markets and the globalization of production means that

   1. people are no longer in control of their own lives.

   2. we are all connected by the Web.

   3. companies can take one product to international markets without having to adapt it.

   4. companies design products for global markets and can produce them offshore.

3. 4-3 The theory that states that specialization and trade are ...