International business involves commercial activities that crossnational frontiers.

It concerns the
international movement of goods, capital, services, employees and technology; importing and exporting;
cross-border transactions in intellectual property (patents, trademarks, know-how, copyright materials,
etc.) via licensing and franchising; investments in physical ; financial assets in foreign countries; contract
manufacture or assembly of goods abroad for local sale or for export to other nations; buying and selling
in foreign countries; the establishment of foreign warehousing and distribution systems; and the import
to one foreign country of goods from a second foreign country for subsequent local sale…