International Business Fundamentals
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Questions and Answers

What is the main reason why all managers need to have a basic knowledge of international business?

  • To reduce the need for globalization
  • To focus solely on senior executive positions
  • To increase domestic business operations
  • To meet the challenges of global competition (correct)

    • Which of the following is NOT one of the learning objectives related to international business mentioned in the text?

  • Understanding the reasons for entering foreign markets
  • Understanding what international business is and why it is important
  • Appreciating the long and important history of international business
  • Learning about the impact of social media on international business (correct)

    • Why are IB skills important for both senior executive and entry level positions?

  • To prepare for domestic competition
  • To limit the impact of globalization
  • To navigate global business perspective (correct)
  • To reduce the need for international activities

    • What are the 5 kinds of drivers leading firms to internationalize their operations based on?

    <p>Change</p> Signup and view all the answers

    How many dimensions does globalization of an international firm occur over, according to the text?

    <p>7</p> Signup and view all the answers

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