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Questions and Answers
What is the main reason why all managers need to have a basic knowledge of international business?
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?
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?
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?
What are the 5 kinds of drivers leading firms to internationalize their operations based on?
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How many dimensions does globalization of an international firm occur over, according to the text?
How many dimensions does globalization of an international firm occur over, according to the text?
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