What are the two leading perspectives in global business?

a. finance-based and market-based

b. profit-based and resource-based

c. institution-based and resource-based

d. firm-based and market-based

The size of the global economy in 2021 (measured by total gross domestic product, or GDP) was approximately how much?

a. $250 billion

b. $47 trillion

c. $50 billion

d. $94 trillion

What is the textbook's definition of global business?

a. Global business focuses exclusively on domestic firms' strategies for competing against foreign firms entering their home territories.

b. Global business refers to firms that are designed to do business internationally from the beginning.

c. Global business focuses on foreign firms' strategies for competing against foreign firms entering their home territories.

d. Global business refers to domestic and international business activities.

What method is used to consider alternate ways of conducting business to manage risk?

a. semiglobalization

b. deglobalization

c. resource planning

d. scenario planning