Q1. Define International Business. Q2. Explain how worldwide economic and political changes have driven globalization and shape the way international business is conducted? Q3. Tell how innovation and technology as major factors affect global economic growth and greater interdependence between firms and countries?

What are some stretegies available to business looking to expand into global markets?

The growth of the Internet has allowed most companies the option of doing business globally. However, businesses still need to think about the ethical and legal issues at stake when doing so. Global business reflects many of the same legal and ethical issues that have been discussed so far in this class.   Think of a popular brand name that you really like. Imagine that you are working with that company to expand and conduct business globally.   What potential ethical issues should your company consider in expanding globally? Discuss the potential legal risks of doing business globally.

Studying international business is important for all the following reasons except for ________. A) It explains why a government is motivated by profit.   B) An understanding helps you decide what governmental policies to support.   C) The best way of conducting business may differ by country.   D) It helps managers to decide where to find resources and to sell.   E) Modes of operations may differ from those used domestically.   F) Most companies are either international or compete with international companies.   G)An understanding helps you make better career decisions.