POBF 1.03

United States has become globally known for its production of wheat more resourcefully. It can produce the product with less human resources. This is an example of what type of ADVANTAGE?

Citizens of some countries have limited access to goods and services due to international trade restrictions imposed by its government. Which main factor of the international business environment is this information about these countries classified?

China has become globally known for its production at a lower cost in the textile industry. It is relied upon by many other countries for textiles. This is an example of what type of ADVANTAGE?

How are balance of trade and balance of payments alike?

A European team has the right to use on its merchandise an American company’s emblem. This is an example of which global marketplace main entry mode?

Italy is able to provide various natural resources from the Mediterranean due to its oceanfront. Which main factor of the international business environment is this information about Italy classified?

While conducting business in Japan, Shari adjusted her gift-giving practices to accommodate her Japanese business-partners. Which main factor of the international business environment did Shari consider?

If a country on the average exports goods valued at 27.5 billion and imports other goods valued at 23.1 billion, this country has a favorable balance of trade because it:

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