#1.docx - Chapter 1 Chapter Objectives To define globalization and international business and show how they affect each other To understand why

#1.docx - Chapter 1 Chapter Objectives To define...

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Chapter 1 Chapter Objectives To define globalization and international business and show how they affect each other To understand why companies engage in international business and why international business growth has accelerated To discuss globalization’s future and the major criticisms of globalization To become familiar with different ways in which a company can accomplish its global objectives To apply social science disciplines to understanding the differences between international and domestic business Introduction Globalization is the ongoing process that deepens and broadens the relationships and interdependence among countries. International Business is a mechanism to bring about globalization. International Business International business consists of all commercial transactions—including sales, investments, and transportation—that take place between two or more countries Increasingly foreign
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