In terms of international business, it is most accurate to say that ________.
A)there is a universal "best way" to conduct business
B)global competition affects large companies but not small ones
C)most firms depend either on foreign markets and supplies or compete against companies that do
D)government regulation of international business has little effect on a company's profits

Question

Quizplus · Accepted Answer

In today's interconnected world, most firms either depend on foreign markets and supplies or compete against companies that do. The global economy has made international business a necessity for many companies in order to remain competitive. A and B are incorrect because there is not a universal "best way" to conduct business and global competition affects companies of all sizes. D is incorrect because government regulation can have a major impact on a company's profits in international business.

In Terms of International Business, It Is Most Accurate to Say