What is the purpose of stakeholder analysis

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Reference no: EM133648431

Assignment:

1. What is the purpose of stakeholder analysis?

a.To identify potential competitors in the global market

b.To determine the financial performance of a business

c.To assess the impact of price fluctuations on international trade

d.To identify and assess the importance of individuals or groups that can influence the success of an activity or business

2. What does the term "international business" refer to?

a.Business operations within a single country.

b.Business activities involving the exchange of goods or services across national borders.

c.Business activities that focus solely on domestic markets.

d.Business ventures initiated by multinational corporations.

3. According to the text, what is a broader definition of international business compared to the narrower one?

a.International business only involves trade in physical goods.

b.International business encompasses cross-border exchanges of goods, services, resources, and more.

c.International business only involves trade between large multinational firms.

d.International business focuses exclusively on financial gains.

4. What is a key determinant of a firm's trade-off between global efficiency and local responsiveness in its foreign operations?

a.The size of the firm's headquarters

b.The level of government involvement

c.The extent of standardization within markets

d.The geographical location of the firm's headquarters

5. Which term refers to the shift towards a more interconnected global economy?

a.Nationalization

b.Industrialization

c.Globalization

d.Localization

Reference no: EM133648431

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