What challenges does globalization pose to companies within the economic context of the XXI century? By exposing your answer, you must: Define in your own words what international business is.

What challenges does globalization pose to companies within the economic context of the XXI century? By exposing your answer, you must: Define in your own words what international business is. Indicate when a business should consider expanding from domestic trade to international trade. Explain in your words the two main activities in international trade (export and import) and its impacts on the globalization of business and provide examples.