4 the ability of a nation to govern its own affairs

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4. The ability of a nation to govern its own affairs is known as: Sovereignty. 5. Which of the following drivers of market globalization enables firms to engage in foreign currency transactions? Integration of world financial markets. 6. All of the following represent examples of regional economic integration blocs except: World Trade Organization. 7. Which of the following is the most transformative technology for developing economies? Cell phone. 8. Global firms shift their manufacturing and procurement to foreign locations in order to: Benefit from low labor costs. 9. Over time, the GATT evolved into which of the following? World Trade Organization. 10. What is a financial network through which individuals can transfer money to individual recipients in other countries? SWIFT.
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CHAPTER 3 1. Which government partly or wholly owns numerous large international focal firms? Chinese. 2. The participant responsible for conceiving and designing a product is know by which of the following terms? Focal firm. 3. Before purchasing components from the international suppliers for the 2004 Chevrolet Malibu, General Motors most likely considered all of the following criteria except: Market Share. 4. The main purpose of distribution channel intermediaries is to: Supply logistics and marketing services for focal firms. 5. Which stage of the international value chain is represented by the assembly of a Dell computer in Malaysia? Production. 6. Which of the following is an upstream value-chain activity? Sourcing.
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