Wk.1_IB303 - I NTERNATI ONAL BUSI NESS 2 I NTERNATI ONAL...

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Unformatted text preview: I NTERNATI ONAL BUSI NESS 2 I NTERNATI ONAL BUSI NESS DEFI NI TI ON I nternational business is all commercial transactions-private and governmental- between two or more countries (Daniels, Radebaugh & Sullivan) " I nternational business consists of business transactions between parties from more than one country (Griffin & Pustay) 3 I NTERNATI ONAL BUSI NESS WHAT? Goods, Services, People, Technology, Capital. 4 I NTERNATI ONAL BUSI NESS WHO? Corporations, Governments, I ndividuals. 5 I NTERNATI ONAL BUSI NESS WHY? 1. Access to goods, information, resources and/or capital that might not be available locally. 2. Reduce costs. 3. Capture new markets. 4. Diversify sources of sales and supply. 5. Obtain better quality . 6 I .B. as I NTERDI SCI PLI NARY GEOGRAPHY HI STORY POLI TI CAL SCI ENCE LAW ECONOMI CS ANTHROPOLOGY 7 I .B. as I NTRADI SCI PLI NARY MANAGEMENT MARKETI NG FI NANCE ACCOUNTI NG LABOR LOGI STI CS 8 TYPES of I NTL BUSI NESS...
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This note was uploaded on 03/19/2008 for the course BUS IB taught by Professor Welnom during the Spring '08 term at Pennsylvania State University, University Park.

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Wk.1_IB303 - I NTERNATI ONAL BUSI NESS 2 I NTERNATI ONAL...

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