一、 What does international business refer to? Please tell the difference between international business and domestic business. 1. International business refers to transactions between parties from diffirent countries. There are four major diffrences between international business and domestic business: 1) differences in legal system 2) differences in currencies 3) differences in cutural background 4) differences in natural and economic conditions Please explain the differences between visible trade and invisible trade. Which is becoming more and more important and accounts for an increasing proportion in international trade? 2. Commodity trade, i.e exporting and importing goods produced or manufactured in one country for consumption or resale in another. This kind of trade is also referred to visible trade. Invisible trade is in the form of transportation, communication, banking, insurance, consulting, information etc. Invisible trade is becoming more and more important and accounts for an increasing proportion in international trade. Can you cite some examples to illustrate cultural differences in international business? 3. Cultural differences including language, customs, traditions, religion, value, behavior etc. Please elaborate on the two categoreis of international investment. What is their major difference? 4. Foreign direct investments or FDI for short is made for returns through controlling the enterprises or assets invested in in a host country. Portfolio investment refers to purchases of foreign financial assets for a purpose other than controlling. What is licensing? Why do firms sometimes choose it as means of entering a foreign market? 5. In licensing, a firm leases the right to use its intellectual p...
