THE NATURE AND SCOPE OF INTERNATIONAL BUSINESS

XXXXXXX UNIT 1
Unit X, section X: XXXXXXX

Dear student, you are most welcome to this course manual on International
Business. We hope you will enjoy studying this course. We begin the course
with what constitute International Business. In simple language,
International Business is the act of buying, selling, and trading of goods and
services across national frontiers or international borders. As you will see in
this unit, falling political barriers and technological advancements are
making it possible for a lot more businesses to sell their products both at
home and abroad.

The unit explains some international business terminologies and

transactions. It also talks about the concept of Globalisation, with its
advantages and disadvantages. We conclude Unit One by showing you why
International Business leads to an improvement in the variety of goods and
services that are available for consumption on the global market. Finally, we
show you why International Business leads to prosperity and not
impoverishment for nations engaged therein.

By the end of this unit, you should be able to:

 explain the nature and scope of international business
 differentiate between domestic and international business
 give reasons why and how firms enter into the international market
 identify the drivers of international business
 examine the problems associated with international business
 assess the future growth and direction of international business

10 UEW/IEDE
 INTERNATIONAL
This page is left blank for your notes BUSINESS

UEW/IEDE 11