Please explain in detail.
300 words each
Question 1: The study of global business is relevant if you work or plan to work in a large multinational company, but it has little or no significance for individuals who work in smaller national firms. Do you agree or disagree? Defend your argument with at least two supporting statements.
Question 2: Why is it important to understand the political and economic history of a region when expanding into markets in that region? Please provide examples to illustrate your answers.