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WHAT IS INTERNATIONAL BUSINESS ?

• The Exchange of
Goods&Services,
Resources,
Knowledge,
& Skills , among individuals & businesses in multiple/two or more
countries

• Transaciton that are carried out across national

borders to satisft the objectives of individuals
and organization
NEED FOR INTERNATIONAL BUSINESS
More and more firms around the world are going global, including:

Manufacturing firms
Service companies ( i.e banks, insurance, consulting firms)
Art, film and music companies
NEED FOR INTERNATIONAL
BUSINESS
International Business: causes the flow of ideas, services, and capital
across the World

.Offer consumer new choices

.Permits the acquisition of a wider variety of products
.Facilitates the mobility of labor, capital and technology
.Provides challenging employment opportunities
.Reallocates resources, makes preferential choices, and shifts activities
to a global level.
FEATURES OF INTERNATIONAL BUSINESS

- Large scale operations

- Intergration of economies
- Dominated by developed countries and MNCs
- Benefits to participating countries
- Keen competition
-Special role of science and technology
-International restrictions
-Sensitive nature
THANK YOU FOR LISTENING.