International Business, 8e (Wild/Wild) Chapter 1 Globalization 1) Any commercial transaction that crosses the borders of two or more nations is known as ________. A) domestic marketing B) market segmentation C) international business D) global manufacturing Answer: C AACSB: Application of knowledge Skill: Concept Difficulty: Easy LO: 1.1: Identify the types of companies active in international business. 2) Goods and services purchased abroad and brought into a country are called ________. A) gross domestic products B) exports C) gross national products D) imports Answer: D AACSB: Application of knowledge Skill: Concept Difficulty: Easy LO: 1.1: Identify the types of companies active in international business. 3) ________ are all goods and services sold abroad and sent out of a country. A) Net national products B) Exports C) Gross domestic products D) Imports Answer: B AACSB: Application of knowledge Skill: Concept Difficulty: Easy LO: 1.1: Identify the types of companies active in international business.