various methods by which a firm may engage in international business . Your response should include some of the advantages and disadvantages of each of the various options.
1. List and discuss (compare and contrast) the various methods by which a firm may engage in international business . Your response should include some of the advantages and disadvantages of each of the various options.
2. It seems that free and unrestricted international trade in which each nation produces and exports products for which it has a comparative advantage will enable everyone to have a higher level of living. Why, then, does every country have import duty restrictions?
3. What influence would a fluctuation in an exchange rate have on the level of trade? What impact would a strong U.S. dollar versus the currency of another country have on the level of trade. What would the advantages and disadvantages be of a strong dollar. What impact would a weak U.S. Dollar?
4. What is culture and what aspects of culture are important to the international business? List some examples to show their importance in work situations.
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