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Questions and Answers
What is the primary focus of studies in International Business (IB)?
What is the primary focus of studies in International Business (IB)?
- Base of the pyramid economies
- Emerging economies and their business activities
- Entry into foreign markets (correct)
- Competition within developed economies
How is 'Global Business' distinguished from International Business (IB) regarding the treatment of emerging economies?
How is 'Global Business' distinguished from International Business (IB) regarding the treatment of emerging economies?
- Global business ignores emerging economies.
- Global business focuses exclusively on competition within emerging economies.
- Global business focuses solely on competition within developed economies.
- Global business looks at business activities within emerging markets, unlike IB. (correct)
What does the term 'Base of the Pyramid' refer to in the context of the global economy?
What does the term 'Base of the Pyramid' refer to in the context of the global economy?
- Population segments making less than $2,000 a year (correct)
- Countries with the highest GDP per capita
- Countries with high levels of foreign direct investment (FDI)
- Countries with emerging markets
How is 'Global Business' defined in relation to international and domestic activities?
How is 'Global Business' defined in relation to international and domestic activities?
What is the key difference between International Business (IB) and Global Business regarding market focus?
What is the key difference between International Business (IB) and Global Business regarding market focus?
'Foreign direct investment (FDI)' involves:
'Foreign direct investment (FDI)' involves:
'Emerging economies' are best described as countries that:
'Emerging economies' are best described as countries that:
'Global Business' differs from International Business (IB) by:
'Global Business' differs from International Business (IB) by:
Global business includes a deliberate blurring of boundaries between international and domestic business.
Global business includes a deliberate blurring of boundaries between international and domestic business.
The majority of humanity, approximately two billion people, earn less than $2,000 a year according to the text.
The majority of humanity, approximately two billion people, earn less than $2,000 a year according to the text.
Foreign direct investment (FDI) refers to indirect investments in value-added activities in other countries.
Foreign direct investment (FDI) refers to indirect investments in value-added activities in other countries.
The term 'Global Business' primarily focuses on competition within developed economies.
The term 'Global Business' primarily focuses on competition within developed economies.
Emerging economies are countries that are considered established players in the world economy.
Emerging economies are countries that are considered established players in the world economy.
International Business (IB) is only concerned with cross-border economic activities.
International Business (IB) is only concerned with cross-border economic activities.
Global business treats emerging markets as an essential part of its study.
Global business treats emerging markets as an essential part of its study.
'Base of the Pyramid' in the context of the global economy refers to the wealthiest individuals globally.
'Base of the Pyramid' in the context of the global economy refers to the wealthiest individuals globally.
'Global Business' encompasses both international activities covered by traditional IB books and domestic business activities.
'Global Business' encompasses both international activities covered by traditional IB books and domestic business activities.
'Global Business' and 'International Business' have identical definitions when it comes to engaging in economic activities abroad.
'Global Business' and 'International Business' have identical definitions when it comes to engaging in economic activities abroad.
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Study Notes
International Business (IB) vs Global Business
- The primary focus of International Business (IB) is on cross-border economic activities.
- Global Business, on the other hand, includes both international and domestic activities, blurring the boundaries between the two.
Emerging Economies
- Emerging economies are countries that are not yet established players in the world economy.
- They are a key focus in Global Business studies, whereas International Business (IB) treats them as peripheral.
Base of the Pyramid
- The term 'Base of the Pyramid' refers to the majority of humanity, approximately two billion people, who earn less than $2,000 a year.
- This segment is a critical part of Global Business studies, highlighting the need for businesses to cater to this demographic.
Foreign Direct Investment (FDI)
- Foreign Direct Investment (FDI) involves direct investments in value-added activities in other countries.
- This is distinct from indirect investments, which are not considered FDI.
Key Differences
- The key difference between International Business (IB) and Global Business is their market focus: IB focuses on cross-border activities, while Global Business encompasses both international and domestic activities.
- Global Business treats emerging markets as an essential part of its study, whereas International Business (IB) does not.
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