5 pages maximum

1. What is international business? What are the primary reasons that companies engage in international business?

2. What is the difference between a low-context culture and a high-context culture? How do these differences affect communication in international business dealings?

3. What is the difference between a monochronic and polychronic culture? How do such cultural differences affect business practices for international firms?

4. What general characteristics of a country should managers consider when analyzing an economic environment? What specific indicators help managers measure the economic development, performance, and potential of a country?

5. Discuss the characteristics of international, localization, global, and transnational strategies. Include situations and a specific example in which each strategy would be most appropriate.