International Business- focuses on any business activity or transaction that happens between

organizations, companies, or government entities that crosses borders into different countries and

areas. These global transactions are not constrained to a specific currency, interest, or asset.

Anything of value traded between the engaged parties, such as goods and services, technology,

capital, employees, and intellectual property. Is referred to as international commerce. Example

Export trade, the popular electronic goods that were exported.

International Trade- commercial exchanges that take place between nations. Consumer products

like televisions and apparel, capital goods like machinery, raw materials, and food are some of

the things that are frequently traded. Example is manufactured goods includes steel, chemicals,

clothing, and refined petroleum.

Globalization- is the speeding of worldwide movements and exchanges of good, services,

money, and technology. It encourages and boosts interactions around the world. Example

McDonald’s had many restaurants in different countries.

Drivers of Globalization- the lowering trade barriers, rising consumer demand, declining

shipping and manufacturing costs, and improvements in communication and transportation

technologies are the forces behind the globalization.