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    Evaluating an International Business Statement

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    The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms. Evaluate this statement.

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    International Business

    In this era where companies and economies are so interconnected, it is very difficult to identify a firm, no matter how small it may be, that is totally independent of the different factors affecting international business. For example, a small firm may outsource its raw materials from abroad hence forcing it to deal with the repercussion of the volatility of exchange rates and of course, ensuring that it deals with a company that doesn't employ child labor.

    These are extreme examples, but even small businesses strictly operating locally have to familiarize themselves with international business especially if their products compete with products produced overseas. Consequently, small firms' employees must also be conversant with international business to enhance their ...

    Solution Summary

    This solution evaluates an international business statement.