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The definition of International Business is discuss on page 24 of the textbookMost commercial business involves “business to business” transactions, where firms sellproducts or services to other firms, such as one firm selling raw materials to another firm for use in a new product. These transactions happen throughout the entire value chain.Indeed, most of the "business" that occurs involves as actors in the vast network of suppliers, producers, manufacturers, distributors, and many others work to turn resources into products and services. So much goes on before we walk into Walmart and shop for the thousands of products that fill their shelves. That is just the endpoint of the network of activities that comprises the bulk of business.Which of the following terms describes a business transaction in which a firm sells a product to an end user consumer instead of another firm?See page 23 of the e-textThe correct answer is: Business to Consumer (B2C)Importing occures whenSee page 32 of chapter 1 of the e-textSupranational organizations are entities whose span of control or influence ranges over how many nations?A group of nations who get together to integrate their economies in the hopes of amplifying resources, expanding downstream markets and improving each other's economies is called:
See page 30 of chapter oneSee page 24 of the textbookWhich of the following terms describes a business transaction in which a firm sells a product to an end user consumer instead of another firm?Business to Consumer (B2C) is discussed on page 23 of your textbook.See page 33 of the e-text