how is a international business course similar to a domestic business course?

5 Jan
2010
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This question is for a statment refering to “Ultimately, the study of international business is no different from the study of domestic business. Thus, there is no point in having a separate course on international business. ” Evaluate this statement.

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2 Responses to how is a international business course similar to a domestic business course?

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atawanitotan

January 5th, 2010 at 5:57 am

both are business courses

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extremenerd

January 5th, 2010 at 6:46 am

International business can be quite different from domestic business.
First, you would be dealing with three sets of laws: the laws of your primary nation, the laws of the nation in which you are have business dealings and international business law.
Second, it is helpful to have a firm understanding of business customs in the nation(s) with which you are conducting business. For example, in some countries, it is traditional to shut down for the afternoon (siesta) and reopen later in the day. Not understanding customs such as this can lead to misunderstandings (and possibly missed deadlines!).

Hope this helps!

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