Business is so dynamic that it changes from market to market, industry to industry. Being Global it is different and international laws need to be followed besides import export policies. Local business also demands to know tax laws and its intricacies.
Consumers who are ever demanding to satisfy their aspirations need to be addressed first, as consumer is the king in Business.
Being master in business administration, it is clear that you need to administer business of company or your own but you need to be updated with ever changing market scenario and applicable laws National or international. Like service tax is applicable to all categories in India with immediate effect.
MBA education in fact teaches you to prepare your DNA to be updated every time and all time.