Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 3, Problem 1CT
Summary Introduction

To think critically about: Whether small business will participate in global trade in future.

Introduction:

The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

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China and India have been the world's fastest-growing economies in recent years, and Brazil is becoming a major force in international commerce. Write a short essay that summarizes how these three countries are changing the landscape of international business, and describe the arena in which each excels. Then choose some type of business that you would like to be involved in, and describe how and why you, as a manager in that business, would choose to work with other organizations in one of these three countries.
Why is international business different from domestic business?
Suggest also four (4) programs/policies which can be instituted by your government to help businesses of your country participate more in international trade.
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