The study of international business is fine if you are going to work in a large multinational corporation, but it has no relevance for individuals who are going to work in small firms. Evaluate this statement and explain your reasoning?

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Business

Izabella Berry

9 September, 21:41

The study of international business is fine if you are going to work in a large multinational corporation, but it has no relevance for individuals who are going to work in small firms. Evaluate this statement and explain your reasoning?

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Ramon Palmer · Answer 1

Answer:. The study of international business has more relevance to the individual than its accruing benefits to the company

Explanation: It must concisely be understood that, no worker is being paid just for working, but for the marginal productive he or she is adding to the company. Marginal productivity is therefore not a function of physical hard work but mental contribution to production processes which culminates in optimum productivity. It therefore stands to reason that, your knowledge and skills acquired through this study might be a catalyst to improve and boost your performance in the small firms or local industry you might be privileged to be engaged. Your knowledge of international dealings might also be a catalyst to branding the small firm with a competitive edge over its contemporaries.