This document provides an overview of international business and trade. It defines international business as the buying and selling of goods and services across borders. It also defines trade and distinguishes between domestic and international trade. Some key differences between domestic and international business are differences in currencies, geographical conditions, legal systems, and political barriers imposed by sovereign states. The document then discusses several theories of international trade such as mercantilism, absolute cost advantage, and comparative cost advantage. It also outlines some common types of international business arrangements.
“The aim of international trade is to increase production and to raise the standard of living of the people. International trade helps citizens of one nation to consume and enjoy the possession of goods produced in some other nation.”
International Business basic concept of international business
,
approaches to international business/ modes of ent
,
barriers to international business
,
absolute advantage and comparative advantage
Indian and International Business Environment Unit 1Amit Sarkar
UNIT - I: BUSINESS ENVIRONMENT: Nature of Business - Scope of Business-
Characteristics of Contemporary Business - Business Objectives - Components of Business
Environment - Business systems – Process and Classification of Business –Levels of
Business Environment- Micro level Environment and Macro level Environment;
Understanding the Environment: Environment Analysis- Porter’s five force model-
Competitor Analysis; POLITICAL ENVIRONMENT: Introduction - Political Environment and
the Economic system - Types of Political Systems - Functions of State - Indian Constitution
and Business - Economic Role of Government - Business Risks Posed by the Indian Political
System.
Complete detail on International Business Dynamics first Module-1
Introduction Chapter, Contents Meaning and definition of International Business to Significance to Aid International Managers please go through it, If any inputs or queries reach me through Instagram and Facebook (allnewcrazy)
Introduction to International BusinessAshwin Kumar
Introduction to International Business is a comprehensive study of the various aspects of International Business. This presentation will provide better insights into the definition, nature, scope, characteristics, approaches, reasons, advantages and disadvantages.
“The aim of international trade is to increase production and to raise the standard of living of the people. International trade helps citizens of one nation to consume and enjoy the possession of goods produced in some other nation.”
International Business basic concept of international business
,
approaches to international business/ modes of ent
,
barriers to international business
,
absolute advantage and comparative advantage
Indian and International Business Environment Unit 1Amit Sarkar
UNIT - I: BUSINESS ENVIRONMENT: Nature of Business - Scope of Business-
Characteristics of Contemporary Business - Business Objectives - Components of Business
Environment - Business systems – Process and Classification of Business –Levels of
Business Environment- Micro level Environment and Macro level Environment;
Understanding the Environment: Environment Analysis- Porter’s five force model-
Competitor Analysis; POLITICAL ENVIRONMENT: Introduction - Political Environment and
the Economic system - Types of Political Systems - Functions of State - Indian Constitution
and Business - Economic Role of Government - Business Risks Posed by the Indian Political
System.
Complete detail on International Business Dynamics first Module-1
Introduction Chapter, Contents Meaning and definition of International Business to Significance to Aid International Managers please go through it, If any inputs or queries reach me through Instagram and Facebook (allnewcrazy)
Introduction to International BusinessAshwin Kumar
Introduction to International Business is a comprehensive study of the various aspects of International Business. This presentation will provide better insights into the definition, nature, scope, characteristics, approaches, reasons, advantages and disadvantages.
bal market place
Agenda 1. Looking at the Global Marketing Environment 2. Deciding Whether to Go Global:- 3. Deciding Which Markets to Enter 5. Deciding on the Global Marketing Organization 4. Deciding How to Enter the Market 4
5. Looking at the Global Marketing Environment • Before deciding whether to operate internationally, a company must understand the international marketing environment.
Global market place, discuss barriers in marketing,
1. Looking at the Global Marketing Environment
2. Deciding Whether to Go Global:-
3. Deciding Which Markets to Enter
4. Deciding How to Enter the Market
5. Deciding on the Global Marketing Organization
In this presentation we will discuss all the methods by which we can be able to inter in the global market.........
The given PPT consist of the details about Globalisation,international business and international marketing along with the difference between TNC's & MNC's
International business; competitive advantages; evolution; nature of international business; reasons and stages of internationalisation; approaches and theories of international business; comparative cost advantage and problems of international business.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
2. International Business
• The buying and selling of the goods and
services across the border.
• The national border are crossed by the
enterprises to expand their business
activities like manufacturing, mining,
construction, agriculture, banking,
insurance, health, education,
transportation, communication and so on.
3. Trade
• Trade means exchange of goods and services
for the satisfaction of human wants.
• When trade is confined to the geographical
limits of a country, it is a domestic or national
trade.
• International or foreign trade refers to the
trade between two countries.
• Technically, domestic trade and International
trade are more or less identical and are based
on the same basic principles of trades.
4. Differences between Domestic and
International Business
• Difference in Currencies
• Difference in Natural and Geographical Conditions
• Mobility of Factors of Production
• Sovereign Political Entities
– Imposition of tariffs and customs duties on imports and
exports;
– Quantitative restrictions like quotas;
– Exchange control;
– Imposition of more local taxes etc.
• Different Legal Systems
5. Importance of IBE
• Helps in expansion: Geographic expansion may be used
as a business strategy. Even though companies may
expand their business at home.
• Helps in managing product life cycle: Every product has
to pass through different stages of product life cycle-
when the product reaches the last stages of life cycle in
present market, it may get proper response at other
markets.
• Technology advantages: Some companies have
outstanding technology advantages through which they
enjoy core competency. This technology helps the
company in capturing other markets.
Cont…
6. Importance of IBE
• New business opportunities: Business opportunities in
overseas markets help in expansion of many companies.
They might have reached a saturation point in domestic
market.
• Proper use of resources: Sometimes industrial resources
like labor, minerals etc. are available in a country but are
not productively utilized.
• Availability of quality products: When markets are open,
better quality goods will be available every where.
Foreign companies will market latest products at
reasonable prices. Good product will be available in the
markets.
Cont…
7. Importance of IBE
• Earning foreign exchange: International business
helps in earning foreign exchange which may be
used for strategic imports. India needs foreign
exchange to import crude oil, deface equipment,
raw material and machinery.
• Helps in mutual growth: Countries depend upon
each other for meeting their requirements. India
depends on gulf countries for its crude oil supplies.
• Investment in infrastructure: International business
necessitates proper development of infrastructure.
8. Problems in International Business
• Controlling the market: Multinational try to control
the market of the host country. Whenever they enter a
new country, the first strategy is to eliminate the
competitors either by taking over their business or
forcing them out of market by following price
reduction policies.
• Exhausting natural resources: Multinational
corporations set up their production facilities in those
countries where natural resources are available in
sufficient quantities.
• Importance to luxuries: Multinational corporations
enter those areas where margin of profits is high.
Cont…
9. Problems in International Business
• Trade practices: Since multinational corporations have
their head office in one country and the trade practices
followed there are adhered to.
• Economic development: It is generally felt that the entry of
businessmen from outside may help in the economic
development of that country . The actual practice in many
countries is different.
• Shifting of investment: International business is related to
profitability of its operations. If a business is getting
sufficient profits in a particular country then the
investment remain there.
10. Need for 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
11. Trends in IB
• Trade between partners of Regional Trade
Agreements (RTAs)
• Developing countries’ trade
• South-South trade
• Air Cargo; Express cargo
• Global production network
• Intra-firm trade
• E-commerce
12. Developing countries’ trade
• It is observed that developing countries are
increasingly becoming an important
destination for the exports of developed
countries.
• Some problems have been recognized in
identifying tariff classification and assessing
the Customs value of second-hand goods
such as used cars, computer equipment,
machinery and clothing.
13. South-South trade
• Merchandise trade between developing
countries, i.e. South-South trade.
• Intra-regional trade, in particular
through RTAs, played a central role in the
rise of South-South trade.
14. Air Cargo; Express cargo
• It is reported that world air cargo accounts at present for a
small portion of world merchandise trade by weight, but a
significant portion by value.
• This important growth in express traffic can be attributed
to several factors
– globalization and associated Just-In-Time production
and distribution systems
– increased trade in high-value low-weight products and
– the provision of a service that assists SMEs to compete
effectively in an increasingly global market
15. Global Production Network
• The share of manufactured goods within world merchandise
trade has grown significantly throughout the world.
• The share of parts and components exports of total
merchandise exports has greatly increased in all six regions of
the world, for example from 6% in 1980 to 15% in 2002 in the
East Asia region.
• Exported goods contain a significant portion of imported
intermediate inputs. In the “international segmentation of
production”, intermediate inputs are exported for more
processed intermediate inputs, which are then exported to
the next stage in production.
16. Intra-firm trade
• Intra-firm trade, i.e. trade within the same
company around one-third of world
merchandise trade, although aggregate data
are only available for a few countries.
• Intra-firm trade between high and middle-
income countries was directly related to the
internationalization of production.
• The affiliates in the middle-income countries
were mostly instructed to manufacture goods
destined for other markets, including the
country of the parent company.
17. E-commerce
• It has dominant factor in international trade and
business, although traditional methods of trade
and business continue to be utilized widely.
• It can reduce business costs in seeking potential
foreign business partners, as well as improve a
firm’s visibility in global marketing services, in
particular for SMEs.
• It enables firms to take more opportunities to
expand their business in global markets.
18. International Trade Theories
• Theory of Mercantilism
• Theory of Absolute Cost Advantage
• Theory of Comparative Cost Advantage
• Heckscher-Ohlin Model Leonief Paradox
19. Theory of Mercantilism
• This theory is during the sixteenth to the
three-fourths of the eighteenth centuries.
• It beliefs in nationalism and the welfare of
the nation alone, planning and regulation
of economic activities for achieving the
national goals, curbing imports and
promoting exports.
• It believed that the power of a nation lied
in its wealth, which grew by acquiring gold
from abroad.
20. Theory of Mercantilism
• Mercantilists failed to realize that simultaneous
export promotion and import regulation are not
possible in all countries, and the mere possession
of gold does not enhance the welfare of a people.
• Keeping the resources in the form of gold reduces
the production of goods and services and, thereby,
lowers welfare.
• It was rejected by Adam Smith and Ricardo by
stressing the importance of individuals, and
pointing out that their welfare was the welfare of
the nation.
21. Theory of Absolute Cost
Advantage
• This theory was propounded by Adam
Smith (1776), arguing that the countries
gain from trading, if they specialise
according to their production advantages.
• The pre-trade exchange ratio in Country I
would be 2A=1B and in Country II IA=2B.
22. Theory of Absolute Cost
Advantage
• If it is nearer to Country I domestic exchange
ratio then trade would be more beneficial to
Country II and vice versa.
• Assuming the international exchange ratio is
established IA=IB.
• The terms of trade between the trading partners
would depend upon their economic strength and
the bargaining power.
23. Theory of Comparative Cost
Advantage
• Ricardo (1817), though adhering to the absolute
cost advantage doctrine of Adam Smith, pointed
out that cost advantage to both the trade
partners was not a necessary condition for trade
to occur.
• According to Ricardo, so long as the other
country is not equally less productive in all lines
of production, measurable in terms of
opportunity cost of each commodity in the two
countries, it will still be mutually gainful for them
if they enter into trade.
24. Theory of Comparative Cost Advantage
• In the example given, the opportunity cost of one unit of
A in country I is 0.89 unit of good B and in country II it is
1.2 unit of good B. On the other hand, the opportunity
cost of one unit of good B in country I is 1.125 units of
good A and 0.83 unit of good A, in country II.
25. Theory of Comparative Cost Advantage
• The opportunity cost of the two goods are different in
both the countries and as long as this is the case, they will
have comparative advantage in the production of either,
good A or good B, and will gain from trade regardless of
the fact that one of the trade partners may be possessing
absolute cost advantage in both lines of production.
• Thus, country I has comparative advantage in good A as
the opportunity cost of its production is lower in this
country as compared to its opportunity cost in country II
which has comparative advantage in the production of
good B on the same reasoning.
26. Types of International Business
Export-import trade
Foreign direct
investment
Licensing
Franchising
Management
contracts