Midterm.docx - Midterm Exam Study Guide Chapter 1 Globalizing Business Chapter Summary 1 Explain the concepts of international business and global

Midterm.docx - Midterm Exam Study Guide Chapter 1...

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Midterm Exam Study Guide Chapter 1: Globalizing Business Chapter Summary: 1.)Explain the concepts of international business and global business: 2.)Give three reasons why it is important to study global business:To better advance your employability and career in the global economy. To better prepare for possible expatriateassignments abroad. Expatriate managers generally command an international premium 3.)Articulate the fundamental question that the study of global business seeks to answer and twoperspectives from which to answer it:Our most fundamental question is: What determinesthe success and failure of firms around the globe? Two perspectives are the institution- 4.)Identify three ways of understanding what globalization is:
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