Question

The study of international business only applies if you are going to work in a large...

The study of international business only applies if you are going to work in a large multinational enterprises, but it has no relevance for individuals who are going to work in a small firm. Why is this statement false?

Homework Answers

Answer #1

Yes, the statement given here is form. International business management even applies to the small firm. It is only the lack of vision and strategy that small firm management isn’t able to look with this perspective.

In the ever-growing world of technology, there are lots of opportunities for the small firm to expand its horizon and see beyond borders as there are any opportunities for them which are still lying and unexplored. There are several markets for the small firm in the overseas market already.

There are other things which can be done for the profit by the small firm if it sees beyond borders but the mindset that let them think that International business is for MNC is stopping them here.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
“The study of international business is fine if you are going to work in a large...
“The study of international business is fine if you are going to work in a large multinational enterprise, but it has to relevance for individuals who are going to work in small firms” Evaluate this statement I am debating if I agree or disagree with this statement after discussing this with classmates. Trying to get a different point of view. Thank you
Attempt this question only if you have profound knowledge of international economics and if you have...
Attempt this question only if you have profound knowledge of international economics and if you have not answered a similar question recently. Is it TRUE or FALSE that the multinational companies use local suppliers when they are formed through Foreign Direct Investment? If it is TRUE, why? If it is FALSE, why? Describe the possible role of local suppliers in the correct scenario.
What are the basic reasons for the recent growth of international business activity? How has technology...
What are the basic reasons for the recent growth of international business activity? How has technology contributed to the globalization of markets and production? Comment on the following statement: “Ultimately, the study of international business is no different from the study of domestic business." Please introduce a relevant current events story from the news, provide a link to the story, a proper citation and your comments, summary or interpretation of the story and its relevance to our studies this week.
Which of the following statements is INCORRECT? A. Voting rights are not the only way a...
Which of the following statements is INCORRECT? A. Voting rights are not the only way a foreign owner can exert its influence over foreign business operations. B. While foreign direct investment is often conducted by large multinational enterprises, the majority of FDI flows in the world is done by small and medium enterprises. C. Foreign direct investment and portfolio investment both involve investments in equity ownership. D. Foreign direct investment is the defining line between a multinational enterprise and a...
Case study #1: You work in a large office and you are in charge of payroll....
Case study #1: You work in a large office and you are in charge of payroll. Everyone is paid by the hour and everyone is supposed to work an eight hour work day from 8AM to 5PM with one hour off for lunch. One employee has been very friendly to you for some time now, and she has eaten lunch with you on occasion. You have observed that she has started staying longer and longer for her lunch break, very...
You have recently joined the international audit team at a large company responsible for janitorial work...
You have recently joined the international audit team at a large company responsible for janitorial work at many different local businesses. Because of the significant number of consumables used in janitorial work, your company has a large purchasing department. You have been asked to analyze the purchases data set for potential frauds. Steps/Questions 2. Find any vendors who are charging too much for their product compared with other vendors. In addition to average prices for each product and vendor, do...
You work in the HR department of a large corporation. Productivity is going down and the...
You work in the HR department of a large corporation. Productivity is going down and the corporation is losing money, and everyone knows that a major reason for this is: many workers are showing up late or not at all while their colleagues are swiping their employee cards for them. For part 1, use the Fraud Triangle to identify why employees are doing this (you can be a little creative and invent some more details for the case) and propose...
You work for a multinational company with multiple business segments. Your manager explains that he believes...
You work for a multinational company with multiple business segments. Your manager explains that he believes fixed overhead should just be included in product costs. With examples from the lesson readings or your own life, explain to your manager why you agree or disagree with him.
Govermment Markets.. Let’s say that you work for a large multi-national US firm as the VP...
Govermment Markets.. Let’s say that you work for a large multi-national US firm as the VP of Purchasing. Your firm has been trying to get a large contract approved with a foreign government. This contract has the potential to provide $500 billion in sales revenue to your firm. If you were asked to provide a small tip to an officer of the foreign government to get this contract approved and signed, would you? Think deeply. This is outside of the...
You are the international manager of a U.S. business that has just developed a revolutionary new...
You are the international manager of a U.S. business that has just developed a revolutionary new personal computer that can perform the same functions as existing PCs but costs only half as much to manufacture. Several patents protect the unique design of this computer. Your CEO has asked you to formulate a recommendation for how to expand into Western Europe. Your options are (a) to export from the U.S., (b) to license a European firm to manufacture and market the...