FALLSEM2015-16_CP0925_13-Jul-2015_RM01_meaning-and-characteristics - International Business Dealing with so many different cultures and with extensive

FALLSEM2015-16_CP0925_13-Jul-2015_RM01_meaning-and-characteristics

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International Business: Dealing with so many different cultures and with extensive field experience, I tend to apply the simplest of definitions: “International business is Business transactions crossing national borders at any stage of the transaction.” When I Export Products Do I Have An International Business? There are distinctions to be made between: A company that sells their domestic products to different countries through export/import agents, and A company that knows how to adapt its marketing, sales, products and business strategies to sell to clients in different countries Meaning: International business deals with business activities (both production and services) that cross the national boundaries. This activity includes movement of goods, services capital or personnel, transfer of technology, etc. Functionally, by business we mean those human activities, which involve production or purchase of goods and services with the object of selling them at a profit. Today’s world is an era of Global Village or specialization. A particular country is not self-dependent for producing goods and services. One country depends on another for goods and services as well as one area of a particular country depends on another area for meeting demand. This interdependence creates internationals Business.
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What is International Business? Meaning
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