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Chapter 1 Introduction

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Question;1. International business relates to any;situation where the production or distribution of goods or services crosses;country borders.;2. Globalization can be defined only in terms;of markets but not in terms of production.;3. International transfers of resources, such;as people, intellectual property, and contractual assets or liabilities, do not;form a part of international business.;4. The knowledge of both strategic management;and entrepreneurship enhances one?s understanding of international business.;5. Strategic management is mainly concerned with;the determinants of a firm?s performance.;6. Global business professionals conduct;stakeholder analysis in order to understand how operations in different;countries impact the overall corporate strategy.;7. International business would not be;relevant to an organization if it only produced and sold its products in one;country.;8. Stakeholder analysis refers to the;recognition of opportunities and the use of resources to implement innovative;ideas for new, thoughtfully planned ventures.;9. A stakeholder refers to a person within an;established business who takes direct responsibility for turning an idea into a;profitable finished product through assertive risk taking and innovation.;10. The government of any country is generally;not considered to be a stakeholder in any business venture.;11. A business can be a person or organization;engaged in commerce with the aim of achieving a profit.;12. The social or environmental performance of;an organization is irrelevant as long as it is earning profits.

 

Paper#54967 | Written in 18-Jul-2015

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