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1) Only smaller, younger firms are considered entrepreneurial.
2) Global business includes both international (cross-border) activities as well as
domestic business activities.
3) Compare and contrast absolute advantage and comparative advantage trade theories.
4) The average length of contracts is longer in low-context cultures than in high-context
countries, where a lot of agreements are unspoken.
5) An institution-based view suggests that firm-specific resources and capabilities
largely determine entrepreneurial success and failure.
6) A promoter of the CSR approach would argue that as long as there is competition,
there will be both winners and losers.
7) The secondary stakeholders are constituents on whom the firm relies for its
continuous survival and prosperity.
