Question: International Business is an interesting subject and Businesses/Entrepreneurs need to understand it for smooth international Business operation. From your point of view, what is the most interesting chapter we have discussed and how will the concepts in that chapter be applied when doing business globally. Give examples. This assignment is 3 paragraphs.
My favorite chapter was about Foreign Direct Investment. in the chapter it talked about international product cycle(new product stage, maturing product stage, standardized product stage). also market imperfections like trade barriers and specialized knowledge. also about Eclectic theory.