Whether students are advanced undergraduates or are in MBA programs, an international business course is an ideal venue for a varied number of questions. Our hope is that this book will answer these questions about business in diferent cultures, the impact of geography, whu products are the same across cultures, qhy people have different practices, the effect of the Internet on international business, and many, many more. There are always new questions, and sometimes there are new answers to old questions. International Business, twelfth edition, is organized into three section in order to maximize its utility to instructors and students alike. The opening section defines the nature of international business and the three environments in which in is conducted, as well as the nature and continuing importance of international institutions and how they affect business.