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Basically, it is just to have a standard that everyone can follow, and against which you can meaningfully compare what is happening in many different markets. If there were no standard, you would have to know every exchange rate of every nation's currency in order to understand what is going on. The US dollar doesn't have to be the standard, it just became so as a result of the historical strength of the US economy. Perhaps the Euro, or the Yuan will take its place one day.
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∙ 16y ago
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Effect of languages on International business?
most International business is done in English, French, German or Spanish.
Does increased international business means increased risk?
Yes, increased international business means increased risk. This is because it means that the given business is being done on a very large scale.
Does increased international business mean increased risk?
Yes, increased international business means increased risk. This is because it means that the given business is being done on a very large scale.
What are the significance of International business?
what is the significance of international business
What is the international business environment scope?
International business focuses on free trade. The scope of the international business environment is international marketing, global human relations, international finance, international investments and foreign exchange.
What is the organisation structure of the international business?
wat is international business and domestic business and wat are the differences
What is international bisuness?
Any type of business that is done outside of the US even if you are in the US but your business dealings are out side of the US. That includes import and export of any product or service.
What does IBM means?
It stands for International Business Machines.
What is the full form of the IBM?
International Business Machine
Full form of IBM'?
international business market
International business is frequently referred to as world?
International business is frequently referred to as?
When was International Business Air created?
International Business Air was created in 1983.
