CH. 1, Questions 2 & 5.docx

CH. 1, Questions 2 & 5.docx - MODULE 1Page 47...

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MODULE 1- Page 47, Question #2: The study of international business is fine if you are going to work in a large multi-national enterprise, but it has no relevance for individuals who are going to work in small smalls.” Evaluate this statement. I would say the following statement is false and naïve . International business doesn't only apply to large companies/businesses. Small businesses should also be aware and understand what is going on in the world, especially when it comes to competition because many factors can affect them. One way that small businesses can be affected by other businesses internationally, is if they outsource or exports their goods, (which most small businesses do). When making a business decision, factors like choosing whether or not to outsource, or choosing who to outsource with due to pricing differences, and exporting costs all affect any type of business. All in all, regardless of the fact of whether or not your firm is large or small, everyone is affected by other businesses globally, which makes the study of international business a necessity.
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