Question

1. Agree or disagree with the following statement:

“Any business with a website is an international business.”

In the discussion explain what is meant by international business.

2. Globalization and International business are terms that are used synonymously. Explain why this should not be the case. Include in the discussion the difference between the two, the effects of globalization on business and how this difference influences management.

Answer 1

1. An international business is the business done out of the country with all the permissions that are required. The products are customised according to the ideas and cultures of those countries before sending them. But any business with website is not international business . They need to have the required permissions and they need to follow some procedures to become international.

2. Globalisation is the integration of countries in all aspects erasing barriers between countries. International business is a part in this globalisation and hence both of them cannot be used synonymously. Globalisation makes international business easier using technology .It will have great influence on our business internationally as the standards are set by globalisation and if we follow those standards business can be easily expanded internationally. But some times the standards are so high that many small business firms cannot reach them. Hence globalisation has both positive and negative influence on international business.