International business refers to the trade of goods, services, technology, capital and/or knowledge

across national borders and at a global or transnational scale. It involves cross-border transactions
of goods and services between two or more countries

Scope and objective are presented in picture

Transnational corporations share many qualities with multinational corporations, with the subtle
difference being that multinational corporations consist of a centralized management structure,
whereas transnational corporations generally are decentralized, with many bases in various
countries where the corporation operates.

A multinational company (MNC)[a][10] is a corporate organization that owns or controls the production

of goods or services in at least one country other than its home country.

A foreign direct investment is an investment in the form of a controlling ownership in a business in

one country by an entity based in another country. It is thus distinguished from a foreign portfolio
investment by a notion of direct control.

process of transformation domestic to global

https://thefactfactor.com/facts/management/international-business/transformation-of-business/1632/

more for globalization

https://thefactfactor.com/facts/management/international-business/globalization-2/1626/