Reference no: EM133086687
THE WORLD'S MARKETPLACES - International Business
Review Questions
Question 1: What is international business? How does international business differ from domestic business?
Question 2: What is the importance of a global economy in your life?
Question 3: What are the differences between visible and invisible trade?
Questions for Discussion
Question 4: What is the impact of globalization on international business and its growth?
Question 5: What are the driving forces behind global firms? How do emerging markets affect global firms' ability to leverage their core competencies? Give examples to support your answer.
Question 6: Which markets are more important to international businesses-the traditional markets of North America, the EU, and Japan, or the emerging markets? Defend your answer.
Question 7: What makes a firm global in its outlook? Do you think technology, and cultural and political changes affect the orientation of a firm?
Question 8: What are some of the differences in skills that may exist between managers in a domestic firm and those in an international firm?
Question 9: Would you want to work for a foreign-owned firm? Why or why not?
Question 10: How do merchandise exports and imports differ from service exports and imports?
Question 11: How does international licensing differ from franchising?
Question 12: What are the basic reasons for the recent growth of international business activity?