1. Classify a business you work for or have researched as domestic, international, or multinational. If the business is international or an MNC, list some of the countries in which it does business.

LO: 3-1: Contrast the classification of businesses in the global village.

2. Do you try to buy American products? Should you?

LO: 3-2: Define ethnocentrism.

3. Give an example of how a domestic company benefits from trade barriers.

LO: 3-3: Describe issues managers encounter through foreign trade.

4. Explain how diversity is important to your current or past workplace.

LO: 3-5: Describe the six major types of diversity groups and practices of managing diversity.

5. First state the types of diversity where you work(ed). Next, describe how it has affected you personally by being discriminated against, including being unfairly treated through being criticized or excluded in some way for being different in some way from the others.

LO: 3-5: Describe the six major types of diversity groups and practices of managing diversity.

6. Give an example of cultural diversity you encountered, preferably at work.

LO: 3-6: Compare and contrast the Hofstede national culture dimensions with Project GLOBE.

7. Select a company and identify as many of its global business practices as you can.

LO: 3-7: Rank the six forms that make a business a global one, in order from lowest to highest cost and risk.

Additional Work Application Questions (not in the book)

1. Would you be willing to pay more for the same product made domestically than abroad? For example, if Nike made sneakers in America and sold them for $125 and made them abroad and sold them for $100, which would you buy?

LO: 3-3: Describe issues managers encounter through foreign trade.

2. Describe a company’s policies and practices for promoting diversity, preferably a business you work(ed) for.

LO: 3-5: Describe the six major types of diversity groups and practices of managing diversity.

3. How do you feel about taking an international assignment? What countries would be more appealing to you?

LO: 3-4: Discuss diversity and inclusion and why they are important.

4. Select a business and identify how it uses global sourcing and/or importing and exporting.

LO: 3-7: Rank the six forms that make a business a global one, in order from lowest to highest cost and risk.

5. Select a business you buy from that has a global license or franchise.

LO: 3-7: Rank the six forms that make a business a global one, in order from lowest to highest cost and risk.

6. Select a business you buy from that used contract manufacturing to make your product.

LO: 3-7: Rank the six forms that make a business a global one, in order from lowest to highest cost and risk.

7. Select a business that uses strategic alliances, joint venture, and/or direct investment globally.

LO: 3-7: Rank the six forms that make a business a global one, in order from lowest to highest cost and risk.