« previous next »

Author Question: How does international business differ from domestic business? Why is it important for business ... (Read 152 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jul 7, 2018
How does international business differ from domestic business? Why is it important for business students to learn about international business?
 
  What will be an ideal response?

Question 2

What is a code of ethics? What are the characteristics of an effective code of ethics?
 
  What will be an ideal response?


hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 7, 2018
Answer to Question 1

Domestic business involves transactions that occur within a single country, while international business involves transactions that cross national borders. Students should learn about IB because most large firms have global operations and many small firms are expanding into the international arena.

Answer to Question 2

A code of ethics is a written statement indicating the values and ethical standards that guide a firm's actions. A code of ethics should be clear and in writing. It should address the major elements of ethical conduct relevant to the environment and business operations. It must be adhered to when a problem arises.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

K@

  • Hero Member
  • *****
  • Posts: 608
Reply #2 on: Jul 7, 2018
Thank you


hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jul 7, 2018
No problemo


« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Domestic cat Domestic cat
The MyPlate icon reinforces important concepts of meal planning The MyPlate icon reinforces important concepts of meal planning
International Business: The Challenges of Globalization, 8th Edition International Business: The Challenges of Globalization, 8th Edition
Business Vector Icon Business Vector Icon
Business Math Business Math
The business trip grade 1 The business trip grade 1
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library