1-)Define the term vision. Why is vision an important skill today?

2-)What are business ethics and why are they important?

3-)Describe the factors that influence business ethics.

4-)Define profit. Explain why you agree or disagree with the following statement: "The success of a business is measured only by the profit it earns."

5-)Explain how consumers benefit from business competition.

6-)Describe the difference between outsourcing, offshoring, and nearshoring.

7-)What is economics? Why is understanding economics important in your life?

8-)What economic factors do firms evaluate when making decisions to operate in other countries?

9-)Identify and describe the major types of obstacles confronting international trade.

10-)Identify three important decisions a business must make before deciding to go global.