This document provides an introduction to international business. It defines international business as commercial transactions between two or more countries. It explains that international business should be studied because it is a large portion of global business and operating internationally requires different modes of business than domestic operations. Finally, it outlines several reasons why companies choose to go international, such as to minimize competitive risk, acquire resources, expand sales, and diversify sources of sales and supplies.
These transactions include sales, investments, and transportation.
These transactions include sales, investments, and transportation.
These transactions include sales, investments, and transportation.
Lower governmental barriers to the movement of goods, services, and resources (financial, human, informational, physical) enable companies to take better advantage of international opportunities.