12 Questions
What is the primary objective of international business?
To fulfill the needs and wants of international customers
What is happening to the world boundaries over time?
They are getting thinner and thinner
What is international business defined as, according to the International Business Journal?
A commercial enterprise that performs economical activity beyond its location and has branches in two or more foreign countries
What is driving the expansion of business functions into international markets?
The increasing needs and wants of international customers
Who is quoted as saying that the world is a boundaryless organization?
Jack Welch, former CEO of General Electric
What is exchanged among individuals and businesses in international business?
Goods, services, resources, knowledge, and skills
What is the primary reason for complications in international business?
Cultural differences between countries
What is the characteristic of international business that makes it bound by numerous rules and regulations?
It involves economic activity between two or more countries
What is the name of the company that is credited with starting international business in India?
East India Company
What were the two major events that led to a slowdown in international business?
World War 1 and World War 2
What is the definition of international business?
Economic activity between two or more countries
What is the reason why international business is not as simple as it seems?
Differences in cultural and political aspects
Test your understanding of international business, its definition, and evolution. Learn how companies like General Electric have become boundary-less organizations, catering to the needs of global customers. Explore the changing dynamics of international business and its growing importance.
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