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GEB6366 MIDTERM EXAM 2025 QUESTIONS AND ANSWERS BROADENING set of interdependent relationships among people from different parts of the world is known as ________ - ....ANSWER ...-globalization best defines international business? - ....ANSWER ...-all business transactions involving two or more countries NOT a reason to study international business? - ....ANSWER ...-Business conducted outside the confines of any one country is INEXPLICABLY on the decline. In terms of international business, it is most accurate to say that ________. ....ANSWER ...-most firms DEPEND on foreign markets and supplies OR compete against companies that do DEVON, accounts manager at a large electronics firm, does not have any direct international responsibilities. However, Devon would most likely benefit from studying international business issues so that he can ________. - ....ANSWER ...-better understand how foreign operations affect the company's COMPETITIVE POSITION SHIFTING NATIONAL BORDERS has most likely created which of the following situations for international business? - ....ANSWER ...-It has INCREASED PHYSICAL BARRIERS to exporting. ...©️ 2025, ALL RIGHTS RESERVED 1