Leah May B.

Celoso
BSA 2Y2-1

Reaction Paper on
“Introduction to International Business Trade”

After I finished watching the Introduction to International Business Trade, I’ve

gained some knowledge about this topic which refers to business activities done across

national borders. International business is a business activity that engages across the

countries. It also helps in improving profits of the organizations by selling products in the

nations where costs are high.

A business is said to be domestic, when its economic transactions are conducted

within the geographical boundaries of the country and the International business is one

which is engaged in economic transaction with several countries in the world. Domestic

business deals in the currency of the country in which it operates. On the contrary, the

international business deals in the multiple currencies. The difference between the

international business and domestic business will help me gain knowledge on how

these trades work and how it will help the economy of the countries. I expect to learn

more about this subject such as how business organizations operate in an international

environment and to understand the development and implementation of strategy,

managerial activities, and organizational issues relating to cross-border activities.

The operation and administration of foreign commercial operations is much more

complex than the conduct of domestic business. Due to developments in the political,

technological, socio-cultural climate across nations, it is difficult for most corporate

companies to extend their business internationally. In order to become a competitive

player in foreign market companies, they need to prepare their business plans as well.