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In many ways, then, we are becoming a truly global economy. No longer will a firm be able to insulate it from foreign competitors or opportunities. International business usually takes place in more diverse external environments than found domestically. Businesses worldwide are no longer going International but expanding globally. This fast occurring global expansion of businesses all over the world has been given a new term, it is called international business.
As human beings, we encounter risk every day of our lives. As a manager, risk becomes even more important, especially when entering the world of international business...
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