Podcast
Questions and Answers
What is the definition of international business?
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?
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?
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?
How are multinational enterprises (MNEs) characterized?
Signup and view all the answers
What are the key factors shaping business interactions on a global scale?
What are the key factors shaping business interactions on a global scale?
Signup and view all the answers
What is the significance of advancements in communication, transportation, and technology in the context of international business?
What is the significance of advancements in communication, transportation, and technology in the context of international business?
Signup and view all the answers
What are the key components of international business?
What are the key components of international business?
Signup and view all the answers
How does international trade benefit businesses?
How does international trade benefit businesses?
Signup and view all the answers
What is Foreign Direct Investment (FDI)?
What is Foreign Direct Investment (FDI)?
Signup and view all the answers
What is global supply chain management?
What is global supply chain management?
Signup and view all the answers
What is the purpose of international marketing strategies?
What is the purpose of international marketing strategies?
Signup and view all the answers
Why is cross-cultural management important in international business?
Why is cross-cultural management important in international business?
Signup and view all the answers
How does technological advancement facilitate international business?
How does technological advancement facilitate international business?
Signup and view all the answers
Why do businesses seek international expansion?
Why do businesses seek international expansion?
Signup and view all the answers
What are the benefits of accessing resources in foreign markets?
What are the benefits of accessing resources in foreign markets?
Signup and view all the answers
How does global finance impact international business?
How does global finance impact international business?
Signup and view all the answers