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Global Business Today 8th Edition by Charles Hill
Edition 8ISBN: 978-0077801922Global Business Today 8th Edition by Charles Hill
Edition 8ISBN: 978-0077801922 Exercise 2
"Ultimately, the study of international business is no different from the study of domestic business. Thus, there is no point in having a separate course on international business." Evaluate this statement.
Explanation
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This statement is false. There are many issues that arise in international business that is not studied in domestic business course. Today's globalized world needs a good understanding of international business to compete with other countries. Tariffs, different contract/property laws, corruption, different business cultures, the foreign exchange market, differing accounting systems, and the sheer difficulty of coordinating and overseeing international logistics/research/marketing/production/strategies/etc makes it important to study international business in addition to domestic business.
Global Business Today 8th Edition by Charles Hill
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