international business introduction meaning, stages of international business,factors influencing international business, deference between domestic and international business benifts
2. The concept of international business a
broader concept relating to the integration of
economies and societies dates back to the 19th
century
The first phase of globalisation began around
1870
Establishment of IMF,IBRD WTO
International trade-international marketing-
international business
3. International
business refers to the
trade of goods, services,
technology, capital
and/or knowledge
across national borders
and at a global or
transnational scale. It
involves cross-border
transactions of goods
and services between
two or more countries.
4. Stage-1 Domestic
company
Stage-2 international
company
Stage-3 Multinational
company
Stage-4 Global
company
Stage-5 Transnational
company
5. Globalization
Impact of Inflation
Impact of National Income
Impact of Government Policies
Subsidies for Exporters
Environment factors
Political factors
8. High living standards
Increased soci-economic welfare
Wider market
Reduced effects of business cycle
Reduced risk
Large scale economic
Potential untapped markets
Division of labour and specialization
Economic growth of the world
Optimum utilization of world resource