Question
1. Define international business and briefly explain THREE (3) forces driving to globalization today. Provide example to support your answer. [8 marks] 2. Explain with
1. Define international business and briefly explain THREE (3) forces driving to globalization today. Provide example to support your answer. [8 marks] 2. Explain with example, FIVE (5) modes of operation in international business. [10 marks] 3. An economic system is a system of production, resource (3) main type of economy system. Provide example of country for each economy system. [6 marks] 4. Define culture in your own words and explain with example, THREE (3) components of culture. [8 marks] s. Ethics is the study of the effects of moral principles and standards on human conduct. Business ethics deal with ethics in business, and with the constant process of optimizing profitability in the context of what is right and what is wrong. Therefore, describe TWO (2) issues of ethics in international business. [4 marks]
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