Business Exam

Topics for business exam chapters 1,2,3,4,10

Terms

Capital intensive

Interdependence

Primary resources

Self-sufficiency

World trade Organization

Outsourcing

Absolute, comparative and competitive advantage

Economies of scale

GDP

Intellectual capital

Data mining

Auto pact

Business ethics

Ethical imperialism vs cultural relativism

Corporate social responsibility

Questions

How important are Canada’s primary resources? Does Canada rely too strongly on these resources today? What are some benefits and downsides to being to reliant on a countries primary resources?

What are six of the skills that international businesses want in their employees? What are some ways that future employees could acquire those skills?

What are some of the factors that motivate companies to engage in international business?

List ways in which the development of communication technology has changed the way companies do business internationally.

Some people feel we should consume food from local sources. How would doing this affect your life? How might it affect others? List the pros and cons of international food trade.

What kinds of economic and social factors would attract international business to Canada?

Why is GDP an important measure of competitiveness? What are the downsides of using the GDP?

How does a country achieve competitive advantage?

Water is the oil of the future. Canada has over 20 % of the world’s fresh water. Describe ways that would support and refute this statement.

How do the activities of international companies differ from those of companies focused on domestic business activity?

Explain the meaning of the term ‘business ethics”

Describe the difference between cultural relativism and ethical imperialism.