“Ultimately, the study of international business is no different from the study of domestic business. Thus, there is no point in having a separate course on international business.”
I would definitely disagree with that statement. While there are certainly many specific issues within the realm of the study of domestic business that are particular to smaller entities, the converse is also very true: there are important issues within the realm of the study of international business that are particular to that realm. Generally, there are obviously some areas of overlap, especially in connection with fundamental business concepts; they apply equally to both small domestic businesses and to larger international businesses. However, if one were to rely exclusively on the areas of study that are applicable to smaller domestic business, one would be completely unprepared for virtually any career within larger international corporations except perhaps in very narrow specialty areas.
d. How might the Internet and the associated World Wide Web affect international business activity and the globalization of the world economy?
The Internet has already radically changed many types of business activities, particularly in connection with the conduct of business across large geographic distances. Internet connectivity provides instantaneous communications without regard for distance. It also influences pricing because the increase in availability of more choices for customers changes the dynamic of competition and pricing tremendously. It is no longer the case that local or even domestic business entities need only compete with local competitors; today, even local and domestic businesses compete with international entities even for the business of local customers and.