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Nature Scope
Nature Scope
international business
Definition: International Business is the process of focusing on the resources of the globe and
objectives of the organisations on global business opportunities and threats.
International business defined as global trade of goods/services or investment. More
comprehensive view does not focus on the “firm” but on the exchange process
Free Trade occurs when a government does not attempt to influence, through quotas or duties,
what its citizens can buy from another country or what they can produce and sell to another
country.The Benefits of Trade allow a country to specialize in the manufacture and export of
products that can be produced most efficiently in that country.The Pattern of International Trade
displays patterns that are are easy to understand (Saudi Arabia/oil or Mexico/labor intensive
goods). Others are not so easy to understand (Japan and cars).
1. Accurate Information
2. Information not only accurate but should be timely
3. The size of the international business should be large
4. Market segmentation based on geographic segmentation
5. International markets have more potential than domestic markets
1. International Marketing
2. International Finance and Investments
3. Global HR
4. Foreign Exchange