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Understanding International Business

1) International business consists of transactions across national borders that satisfy objectives of individuals, companies, and organizations. 2) It causes the global flow of ideas, services, and capital, offers new choices for consumers, and provides challenging employment opportunities. 3) There are several types of international business, including export-import trade, foreign direct investment, licensing, franchising, and management contracts.

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Prabhat Kumar
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42 views7 pages

Understanding International Business

1) International business consists of transactions across national borders that satisfy objectives of individuals, companies, and organizations. 2) It causes the global flow of ideas, services, and capital, offers new choices for consumers, and provides challenging employment opportunities. 3) There are several types of international business, including export-import trade, foreign direct investment, licensing, franchising, and management contracts.

Uploaded by

Prabhat Kumar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

INTERNATIONAL

BUSINESS, 7e
Suprita Chandra

1
What is International Business?

International business consists of


transactions that are devised and
carried out across national borders
to satisfy the objectives of
individuals, companies, and
organizations.

2
Learning Objectives
To understand the history and impact of
international business.
To learn the definition of international
business.
To recognize the growth of global linkages
today.
To understand the U.S. position in world trade
and the impact international business has on
the United States.
To appreciate the opportunities and challenges
offered by international business.

3
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

4
Need for International Business
International business:
causes the flow of ideas, services, and
capital across the world
offers consumers 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
5
Types of International Business
Export-import trade
Foreign direct
investment

Licensing

Franchising

Management contracts

6
International Business Questions
How will an idea, good, or service fit
into the international market?
Should trade or investment be used
to enter a foreign market?
Should supplies be obtained
domestically or abroad?
What product adjustments are
necessary to be responsive to local
conditions?
What are the threats from global
competitors, and how can these
threats be counteracted?
7

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