This document provides an overview of international business. It defines international business as transactions between parties from different countries, which can include private individuals, companies, government agencies. International business differs from domestic business in areas like currency conversion, legal systems, culture, and resource availability. The main activities of international business are exporting, importing, international investments, and licensing/franchising agreements. The document also discusses the rise of globalization and how strategic imperatives, environmental changes, and technology are driving increased globalization. Finally, it outlines reasons for studying international business like large multinational organizations, foreign subsidiaries, small business opportunities, global competitors, and gaining cultural literacy.