International Business Assignment Help, International Business Homework Help
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International business is a term that is used to describe all commercial transactions whether governmental, or private, transportation, sales, logistics or the activity which takes place between two or more countries or regions, beyond their political boundary. These transactions could include the transfer of goods, managerial knowledge, services or technology. In short, international business involves exports and imports. It is also referred to as Global Business or International Marketing.
An international business has many options of for doing business like exporting goods and services, starting a joint venture with a company, giving license to produce goods in the host country, providing managerial services to companies in the host country and opening of a branch in producing and distributing good sin the host country.
Opening an international business has many features like :
Large Scale operations – The operations of international business is on a large scale. The production and distribution of goods first start at local markets and then goes to imports and exports at international markets.
Domination by developed countries and MNCs - The international market is dominated by the developed countries as they have the financial resources and the best technology for research and development, best employees who are paid well and gets the maximum services. This enables them to stay ahead of time and dominate the others.
Integration of economics – International business helps in the integration of economies of different countries.
These are a few of the features that are being mentioned. Apart from the features, international business is included in different areas of topic like accounting, economics, finance, management, and marketing and information technology. Education in these sectors would definitely help students build a close network among other countries and help them understand the basis of international business and market and in turn help to grow in their career in international business.
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