Question

what are the international business concepts?

Answer 1

• The concepts of International business is understanding the global business environment.
• Such as cultural,political ,Economic etc which under lies International management, finance and trade relations.
• Consists of trade and transactions.
• Which includes goods services, capital etc.
• International business also known as globalization.
• Globalization refers to International trade between countries.
• Which in turn refers to the international trade investments in the Economies of the diverse countries together.
• The first macro factor consists of eliminating barriers.
• To make cross border trade easier
• Next macro factor is technological change, information processings and transportation technologies.
• It is also referred to as study of process of multi national Enterprises.
• Any kind of business activity or market that is from goods to machinery manufacture can become an international business.

It can occur in different formats.

1. Movements of goods from one country to another.
2. Contractual agreement
3. Formation and operation of sales, manufacturing research and development and distribution facilities in foreign market.