Question

1)Foreign Direct Investment is the ________ approach that a business can reach the global market. a.least risky b. fastest c.easiest d.most intensive
Licensing and franchise agreements are tools that businesses use to get their products and services into: a. retail stores b. the hands of major distributors c.the internet d. global markets

What best describes cultural dimensions of particular concern to global businesses? a.import and export tariffs b. language, customs and taboos, values,time,business norms, religious beliefs. c.trade agreements d.communicating with language to use or not to use.

The Unilever Corporation sources the raw materials it buys from the global farming and forestry industries. Their initiative to source 100% of its agricultural raw materials sustainably, is an example of: a.following culture norms b.foreign infrastructures concerns c.barriers to emery d.corporate social responsibility in global trade.

Answer 1

Answer:

1) d. most intensive

2) a. retail store

3) b. language, customs and taboos, values,time.business norms, religious beliefs.

4) d. corporate social responsibility in global trade.

Explanation:

1. If a company wants to reach a global market and operate a business in a different country the best and most intensive method is Foreign Direct Investment. Foreign Direct Investment (FDI) is a type of investment in which business is operated by an investor of another country.

2. Licensing and Franchise are most common method of investment in to enter the retail business. It is a approach of business in which license is given to small retailers to use business name under certain conditions which are agreed by licensee and Licensor in the agreement.

3. The cultural dimensions of a country can be observed by their language, their culture and traditions, religious beliefs and business norms. It is one of the most important factors to consider before operating a business in a global market.

4. Sourcing 100% of agricultural raw materials sustainably means the company is valuing corporate social responsibility and is concerned towards the environment and does not want to harm or leave negative impacts on the environment from its raw material sources.