International Business Prospective
1. Introduction to Global Business
International business consists of business transactions between parties from more than one country.
Examples include buying materials in one country and shipping them to another for processing or assembly,
shipping finished products from one country to another for retail sale, building a plant in a foreign country to
capitalize on lower labor costs, or borrowing money from a bank in one country to finance operations in
another. The parties involved in such transactions may include private individuals, individual companies,
groups of companies, and/or governmental agencies.
How does international business differ from domestic business? Simply put, domestic business involves
transactions occurring within the boundaries of a single country, while international business transactions
cross national boundaries. International business can differ from domestic business for a number of other
reasons, including the following:
• The countries......
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