Ch 1: Introduction to International Business

About This Chapter

Review international business topics with these fun and comprehensive lessons. You can use these study resources to boost your grades, study for exams or simply improve your understanding of international business.

Introduction to International Business - Chapter Summary

If you want/need to learn or review the basics of international business, this chapter will help you cultivate a strong understanding of business on an international scale. With short and engaging lessons, the chapter examines the topics such as the international market, the globalization of business and its benefits and costs. Our expert business instructors provide clear definitions and memorable examples to help you retain the information. Short lesson quizzes are included to help you memorize international business fundamentals. Studying these lessons will enable you to:

  • Recognize examples of global strategy
  • Evaluate the benefits and costs of business globalization
  • Compare the cost of doing business abroad vs. the liability of foreignness
  • Outline the effects and definition of globalization
  • Discuss the four forms of capital in globalization

5 Lessons in Chapter 1: Introduction to International Business
Test your knowledge with a 30-question chapter practice test
What is Globalization? - Definition, Effects & Examples

1. What is Globalization? - Definition, Effects & Examples

Globalization is an emerging trend in business. Here you will learn the definition of globalization, examine its positive and negative effects, and be presented with real examples of globalization in the twenty-first century.

Four Forms of Capital in Globalization: Types & Examples

2. Four Forms of Capital in Globalization: Types & Examples

The movement of capital between countries is more than just foreign monetary investment. In this lesson we will look at four forms of capital relevant to international trade, define them, and give examples of how capital flows between countries.

Benefits & Costs of the Globalization of Business

3. Benefits & Costs of the Globalization of Business

Globalization has become a requirement for corporations to remain competitive in the marketplace. In this lesson, you will learn about the definition of globalization and the benefits and costs.

Cost of Doing Business Abroad vs. Liability of Foreignness

4. Cost of Doing Business Abroad vs. Liability of Foreignness

In this lesson we'll address the costs of doing business abroad (CDBA) and the liability of foreignness (LOF). We'll discuss and analyze each and look at their effects on international corporations.

Global Strategy: Definition & Example

5. Global Strategy: Definition & Example

This lesson provides an overview of how companies transition from an international company to a global company using global strategy. We will use McDonald's, the largest food service retailer in the world, to demonstrate how and why global strategy is used.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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