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Summarizing.

Complete the following sentences to summarize the text above:

  1. International business is characterized by…

  2. Companies can engage in international business through…

  3. Exports and imports are …

  4. Travel, tourism and transportation,… comprise international business.

  5. Foreign investment is …

  6. There are many factors that cause changes in the world trade: economic conditions,…

True-false questions:

  1. International business is characterized by all business transactions that involve two or more countries and may be of governmental or private character.



  1. A company can engage in international business through various means: exporting and/or importing merchandise and services, direct and portfolio investment, and strategic alliances with other companies.



  1. Merchandise imports are tangible goods sent out of the country.



  1. International business doesn’t comprise performance of activities abroad.



  1. Portfolio investment doesn’t differ from direct investment.



  1. Economic conditions, technology, wars and political relationships are the main factors causing changes in the world trade and investment patterns.



Viewpoint:

As part of international business, does tourism play an important role in the economy of our country?