Reading: International Business

Business Management for Every Enterprise

Unit 5

International Business

International Business

International business is a word used to cooperatively explain all profitable deals (confidential and governmental, trades, assets, logistics, and transport) that take place among two or more regions, countries and nations outside their political view.

International business conducts business transactions all over the world.

Business

A business (also known as enterprise or firm) is an organization involved in the trade of goods, services, or both to consumers.

- Firms may be for profit or not for profit

International Business

Comprises all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more:

- Regions
- Countries/ Nations

International Business Examples

Foreign retail store in another country

Operating a manufacturing plant overseas

Exporting products to other countries

Import products from foreign businesses

Invest in businesses in another country 

International Business Options

An international business has many options for doing business, including:

Exporting goods and services

Giving license to produce goods in a host country

Starting a joint venture with a company

Opening a branch for producing and distributing goods in a host country

Features of International Business

The nature and characteristics of international business are: 

Large scale operations

Integration of economies 

Dominated by developed nations

Benefits to participating nations

Special role of science and technology

Global Business 

Global business consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals, companies, and organizations