Understanding International Business: Definitions, Perspectives, and Challenges, Quizzes of International Business

Download Understanding International Business: Definitions, Perspectives, and Challenges and more Quizzes International Business in PDF only on Docsity! TERM 1 Why is international Business different? DEFINITION 1 - Currencies / Costs & worth - Government / Political Systems / laws - Accounting systems - Language / different words / different thinking - Cultural perspectives - Economic systems (levels of wealth) - Education systems - Climate / Geographies - Higher Risk TERM 2 International Business DEFINITION 2 -Companies with operations in more than one country - Businesses selling products across national boundaries - Businesses that rely on international supplies -Businesses that are affected by international competitors TERM 3 What isn't international business? DEFINITION 3 - Isolated real estate - Non-transportable products - Highly perishable goods - Local services TERM 4 Why is international business important? DEFINITION 4 - World Growth - Technology Transfer - Survival - Where the profits are - Work equalization - Creates more world peace TERM 5 What are international business bigger problems? DEFINITION 5 - Economic Growth (some people don't want to) - Who wins / who loses (Wealth / GDP / Rate of growth) - Is money all that counts? - Are countries still relevant?