Podcast
Questions and Answers
What is the definition of international business?
What is the definition of international business?
The purchasing and selling of goods, commodities, and services outside its national borders.
Who can own trade modes in international business?
Who can own trade modes in international business?
The state or privately owned organizations.
What does international business involve?
What does international business involve?
Commercial transactions between two or more nations beyond the boundaries of the home nation.
What are some options for conducting international business?
What are some options for conducting international business?
What has international business formed networks of?
What has international business formed networks of?
Flashcards
International Business
International Business
The buying and selling of goods, commodities, and services across national borders.
Who Owns Trade in IB?
Who Owns Trade in IB?
Either the government or private companies.
What IB Involves
What IB Involves
Commercial transactions between nations, exceeding domestic boundaries.
Options in International Business
Options in International Business
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Networks Formed by IB
Networks Formed by IB
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Study Notes
Definition and Scope of International Business
- International business refers to the exchange of goods, services, or something of value between businesses or organizations across national borders.
Ownership of Trade Modes
- Any individual, company, or country can own trade modes in international business.
International Business Involvement
- International business involves the coordination and management of business activities across national borders.
Conducting International Business
- Options for conducting international business include exporting, importing, licensing, franchising, joint ventures, and direct investment.
Networks in International Business
- International business has formed networks of suppliers, manufacturers, marketers, and distributors around the world.
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