« previous next »

Author Question: How does international business differ from domestic business? Why is it important for business ... (Read 142 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?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Metabolic rates of animals that differ in size. Metabolic rates of animals that differ in size.
NANDA international nursing diagnosis 2 NANDA international nursing diagnosis 2
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, interior, New York. Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, interior, New York.
International Business Management International Business Management
Business Math Business Math
Video: Ear Virtual Tour Animation

For a complete list of videos, visit our video library