02-09-2017, 04:44 PM
International business comprises all commercial transactions (private and government, sales, investment, logistics and transportation) that take place between two or more regions, countries and nations beyond their political borders. In general, private companies carry out for-profit transactions; governments are pursuing them for profit and for political reasons. The term "international business" refers to all those commercial activities that involve cross-border transactions of goods, services and resources between two or more nations. Transactions of economic resources include capital, skills, people, etc. with the purpose of the international production of physical goods and services such as finance, banking, insurance, construction, etc.
A multinational company (MNE) is a company that has a global approach to markets and production or with operations in several countries. Known multinational companies include fast-food companies such as McDonald's and Yum Brands, manufacturers of vehicles such as General Motors, Ford Motor Company and Toyota, consumer electronics producers such as Samsung, LG and Sony, and energy companies such as ExxonMobil, Shell and BP. As shown, multinational companies can do business in different types of market.
Areas of study in this area include differences in legal systems, political systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local culture, corporate culture, foreign exchange market, trade agreements, climate, education and many more topics. Each of these factors may require changes in how individual business units operate from one country to another.
A multinational company (MNE) is a company that has a global approach to markets and production or with operations in several countries. Known multinational companies include fast-food companies such as McDonald's and Yum Brands, manufacturers of vehicles such as General Motors, Ford Motor Company and Toyota, consumer electronics producers such as Samsung, LG and Sony, and energy companies such as ExxonMobil, Shell and BP. As shown, multinational companies can do business in different types of market.
Areas of study in this area include differences in legal systems, political systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local culture, corporate culture, foreign exchange market, trade agreements, climate, education and many more topics. Each of these factors may require changes in how individual business units operate from one country to another.