The exploration of international business is an exciting, important, and necessary task.

The exploration of international business is an exciting, important, and necessary task. International business is exciting because it combines the science and the art of business and many【M1】______ other disciplines, such as economics, anthropology, geography, history, language, jurisprudence, statistics, and demography. International business is important and necessary because economic isolationism has become possible.【M2】______ Failure to become a part of the global market assure a nation of【M3】______ declining economic influence and a deteriorated standard of living for its citizens. Successful participation to international business,【M4】______ however, holds the promise of improving quality of life and a better【M5】______ society, even leading, some believe, on a more peaceful world.【M6】______ International business offers companies new markets. Since the 1950s, growth of international trade and investment has been substantially larger than the growth of domestic economies. International business, however, presents more opportunities for expansion, growth, and【M7】______ income than does domestic business lonely. International business【M8】______ causes the flow of ideas, services, and capital across the world. As a result, innovations can be developed and disseminated more rapidly, human capital can be used better, and financing can take place more quickly. International business also offers consumers with new choices.【M9】______ It can permit the acquisition of a wider variety of products, both in terms of quantity and quality, and do so at prices what are reduced【M10】______ through international competition. Therefore, both as an opportunity and a challenge, international business is important to countries, companies, and individuals.

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