自考商务英语05844 课后问答题答案.doc

Lesson1 what does international business refer to?Please tell the difference between international business and domestic business.? International business refer to transaction between parties from different countries.Sometimes business across the borders of different customs areas of the country is also regarded as import and export,such as business between Hongkong and Taiwan. International business takes place between countries while domestic business takes place in the same country. Please explain the differences between visible trade and invisible trade. which is becoming more and more important and accounts for an increasing proportion in international trade? Visible trade refer to the from of commodity trade, i.e. exporting and importing goods produced or manufactured in one country for consumption or manufactured in one country for consumption or resale in another. Invisible trade refers to the kind of trade in the form of transportation, communication, banking insurance , consulting, information etc. The latter is becoming more and more important and accounts for an increasing proportion in international trade. Can you cite some examples to illustrate cultural differences in international business? Yes,I can. In business activities, Americans are more informal than Europeans. Americans are pleased to be called their first names to close the relationship. Europeans will think it impolite to be called the first names, especially the first time they meet. Please elaborate on the two categories of international investment. What is their major difference? International investment can be classified into two categories,that is ,foreign direct investment(FDI) and portfolio investment. The major difference between them is that FDI is made for returns through controlling the enterprises or assets invested in a host country. Portfolio investment refers to purchases of foreign financial assets for a purpose other than controlling. What is licensing? Why do firms s