Questions and Answers
What is the definition of international business?
International business refers to the conduct of economic activities, including trade, investment, and production, that transcend national borders.
What are the drivers of international business mentioned in the text?
The drivers of international business include globalization and the liberalization of trade.
What does FDI stand for and what does it involve?
FDI stands for Foreign Direct Investment. It involves firms engaging in investment activities that transcend national borders.
How are multinational enterprises (MNEs) characterized?
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What are the key factors shaping business interactions on a global scale?
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What is the significance of advancements in communication, transportation, and technology in the context of international business?
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What are the key components of international business?
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How does international trade benefit businesses?
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What is Foreign Direct Investment (FDI)?
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What is global supply chain management?
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What is the purpose of international marketing strategies?
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Why is cross-cultural management important in international business?
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How does technological advancement facilitate international business?
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Why do businesses seek international expansion?
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What are the benefits of accessing resources in foreign markets?
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How does global finance impact international business?
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