International Business Environment
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This document provides an overview of international business environment. It defines international business as the buying and selling of goods and services across borders. It also defines trade and lists some differences between domestic and international business like differences in factors of production, political entities, legal systems, and taxes. The document notes several important aspects of international business environment like helping with expansion, managing product lifecycles, accessing new technologies and opportunities, and earning foreign exchange. It also lists some problems in international business environment and discusses the need for understanding international business environment to facilitate ideas, services, capital flows, consumer choice and global employment opportunities.
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International business environment
The document defines and discusses key concepts related to international business, including international trade, international marketing, and global business. It also outlines several reasons for why companies engage in international business, such as expanding sales, acquiring resources, and minimizing risk. Finally, it lists some of the top most successful international businesses as Apple, Google, Amazon, Coca-Cola, and IBM.
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This document outlines the topics that will be covered in a course on international business environment. The topics include:
1. An overview of international business and the factors that comprise the international environment, including physical, demographic, economic, sociocultural, political, legal and technological factors.
2. Trends in world trade, including the impact of globalization and crises like the 2008 recession, as well as the rise of emerging markets and south-south trade.
3. The various legal and regulatory frameworks involved in international business transactions, including international laws, trade agreements, and differing national regulations regarding issues like advertising, product safety, and contract law.
4. How international business contracts and agreements are structured
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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.
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This document outlines the topics that will be covered in a course on international business environment. The topics include:
1. An overview of international business and the factors that comprise the international environment, including physical, demographic, economic, sociocultural, political, legal and technological factors.
2. Trends in world trade, including the impact of globalization and crises like the 2008 recession, as well as the rise of emerging markets and south-south trade.
3. The various legal and regulatory frameworks involved in international business transactions, including international laws, trade agreements, and differing national regulations regarding issues like advertising, product safety, and contract law.
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International business involves transactions between two or more countries and comprises a large portion of global business. It differs from domestic business in several key ways. International business must navigate different legal systems, currencies, resources, distances, languages, and cultures between nations. Specifically, parties must adjust practices to comply with local laws, convert currencies, source resources available in other countries, account for greater transportation distances, and consider language and cultural differences when operating internationally.
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- India is the world's largest milk producer and major dairy exports include ghee, butter, cheese and milk powder. The UAE is a key export market for Indian dairy products.
- Key factors to consider for exporting dairy to the UAE include pricing based on production and transportation costs, distribution through major cities like Dubai and Abu Dhabi, and promotional activities like advertising.
- The dairy industry should target all age groups across the UAE and position Indian products as the world's prime source of high-quality protein. Regulatory requirements to enter the UAE market and sell dairy include obtaining a trade license and following rules around branches in different emirates.
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The document discusses the components of the international business environment. It identifies five key components: 1) political environment, 2) economic environment, 3) technological environment, 4) cultural environment, and 5) competitive environment. Each component is then described in one to three sentences. For example, the political environment component examines a country's approach to foreign companies, its political system, and any legal constraints or incentives it provides. International business is also outlined as providing benefits such as developing global connections, transferring resources, creating jobs, and stabilizing prices.
International Business Environment
This document discusses international business and provides learning objectives about understanding its history, impact, and growth of global linkages. It defines international business as transactions across national borders that satisfy objectives of individuals, companies, and organizations. It notes the need for international business has grown as more firms go global and it offers opportunities while connecting the global economy.
International Business Environment
1) The document discusses the key concepts of global business including the definition of international business as transactions carried out across national borders, the need and growth of international business, and modes of entering foreign markets such as licensing, franchising, and foreign direct investment.
2) It also examines the global business environment and factors such as culture, politics, economics, and how firms must consider these elements when operating internationally.
3) Modes of entering global markets like licensing and franchising allow firms to internationalize with less risk compared to foreign direct investment but also provide less control. Firms must strategically choose which entry modes fit their needs.
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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.
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This document discusses international business and strategy. It defines key terms like multinational enterprises, exports, imports, and foreign direct investment. It also outlines major trading blocs like NAFTA and organizations like the WTO and OECD. Finally, it discusses strategies for multinational enterprises, including developing regional strategies tailored to local markets and forming strategic alliances.
Domestic and international business
Domestic business refers to commercial transactions that occur within the geographical boundaries of a single country. It benefits from low transaction costs, short production to sale periods, and encouragement of small businesses. International business involves manufacturing and trade across national borders in a global context. It includes cross-border sales, investments, and logistics between two or more countries. Conducting international business presents greater challenges than domestic operations due to differences in customs, cultures, currencies, regulations, and economic environments between nations. Careful planning of business strategies is required to successfully expand operations globally.
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- There are several approaches that companies take when entering international business - from an ethnocentric view focusing only on the home country market, to a geocentric view developing a standardized approach across all foreign markets.
- International business offers both advantages like access to new markets and resources, as well as disadvantages such as additional costs and risks of operating in foreign environments. Liberalization of trade and improvements in transportation and communication have contributed to recent growth in international business.
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The document discusses key concepts in international business including:
1. It provides an overview of the basics, analytical skills, and environment of international business.
2. It outlines the internal evaluation and grading structure including assignments, attendance, tests, and exams.
3. It discusses drivers of globalization like declining trade barriers, technology advances, and economic integration.
Ch 1 introduction exm
1. International trade involves cross-border transactions of goods, services, and resources between nations for commercial purposes.
2. There are several reasons why companies enter international markets, including accessing new markets and resources, reducing costs, and gaining competitive advantages.
3. While international trade provides benefits like increased specialization and access to cheaper goods, it also faces challenges such as political risks, trade barriers, and cultural differences between countries.
International business environment
BUSINESS IS DEFINED AS A SET OF ACTIVITIES RELATING TO INDUSTRY AND COMMERCE.
WHEN BUSINESS ACTIVITIES ARE CARRIED ACROSS THE POLITICAL BORDERS OF A COUNTRY, IT IS TERMED AS INTERNATIONAL BUSINESS.
A BUSINESS ENVIRONMENT INCLUDES VARIOUS EXTERNAL ACTORS AND FORCES THAT SURROUNDS A FIRM AND IMPACTS THE OUTCOME OF ITS DECISIONS AND OPERATIONS.
THE OBJECTIVE OF BOTH DOMESTIC BUSINESS AND INTERNATIONAL BUSINESS IS “MAKING PROFIT THROUGH CUSTOMERS SATISFACTION AND SOCIAL WELFARE”
TYPES OF BUSINESS ENVIRONMENT -
1. CONTROLLABLE ENVIRONMENT
a.) PRODUCTION
b.) FINANCE
c.) HUMAN RESOURCE
d.) MARKETING
2.UNCONTROLLABLE ENVIRONMENT -
a.) DOMESTIC ENVIRONMENT
b.) FOREIGN ENVIRONMENT
c.) GLOBAL ENVIRONMENT
ANOTHER MAJOR CLASSIFICATION -
1. MICRO ENVIRONMENT
2. MACRO ENVIRONMENT
RELEVANCE of international business environment
- Knowledge of international business environment is very important.
-Environment affects a firm’s strategic as well as tactical decisions so it becomes imperative for the firm to have in-depth knowledge of the various components of domestic, foreign and global environment.
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International business
International business involves transactions between two or more countries and comprises a large portion of global business. It differs from domestic business in several key ways. International business must navigate different legal systems, currencies, resources, distances, languages, and cultures between nations. Specifically, parties must adjust practices to comply with local laws, convert currencies, source resources available in other countries, account for greater transportation distances, and consider language and cultural differences when operating internationally.
International Business ppt
- India is the world's largest milk producer and major dairy exports include ghee, butter, cheese and milk powder. The UAE is a key export market for Indian dairy products.
- Key factors to consider for exporting dairy to the UAE include pricing based on production and transportation costs, distribution through major cities like Dubai and Abu Dhabi, and promotional activities like advertising.
- The dairy industry should target all age groups across the UAE and position Indian products as the world's prime source of high-quality protein. Regulatory requirements to enter the UAE market and sell dairy include obtaining a trade license and following rules around branches in different emirates.
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The document discusses the components of the international business environment. It identifies five key components: 1) political environment, 2) economic environment, 3) technological environment, 4) cultural environment, and 5) competitive environment. Each component is then described in one to three sentences. For example, the political environment component examines a country's approach to foreign companies, its political system, and any legal constraints or incentives it provides. International business is also outlined as providing benefits such as developing global connections, transferring resources, creating jobs, and stabilizing prices.
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This document discusses international business and provides learning objectives about understanding its history, impact, and growth of global linkages. It defines international business as transactions across national borders that satisfy objectives of individuals, companies, and organizations. It notes the need for international business has grown as more firms go global and it offers opportunities while connecting the global economy.
International Business Environment
1) The document discusses the key concepts of global business including the definition of international business as transactions carried out across national borders, the need and growth of international business, and modes of entering foreign markets such as licensing, franchising, and foreign direct investment.
2) It also examines the global business environment and factors such as culture, politics, economics, and how firms must consider these elements when operating internationally.
3) Modes of entering global markets like licensing and franchising allow firms to internationalize with less risk compared to foreign direct investment but also provide less control. Firms must strategically choose which entry modes fit their needs.
Introduction to International Business
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.
International business
This document discusses international business and strategy. It defines key terms like multinational enterprises, exports, imports, and foreign direct investment. It also outlines major trading blocs like NAFTA and organizations like the WTO and OECD. Finally, it discusses strategies for multinational enterprises, including developing regional strategies tailored to local markets and forming strategic alliances.
Domestic and international business
Domestic business refers to commercial transactions that occur within the geographical boundaries of a single country. It benefits from low transaction costs, short production to sale periods, and encouragement of small businesses. International business involves manufacturing and trade across national borders in a global context. It includes cross-border sales, investments, and logistics between two or more countries. Conducting international business presents greater challenges than domestic operations due to differences in customs, cultures, currencies, regulations, and economic environments between nations. Careful planning of business strategies is required to successfully expand operations globally.
International Business
International Business basic concept of international business
,
approaches to international business/ modes of ent
,
barriers to international business
,
absolute advantage and comparative advantage
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International business involves the exchange of products and services across national borders. Companies pursue international expansion to increase profits, take advantage of product life cycles, and achieve economies of scale, or to respond to competitive pressures and saturated domestic markets. When considering international expansion, companies must gauge demand abroad, adapt products to foreign customer needs, and determine their entry strategy into foreign markets such as exporting, licensing, franchising, foreign direct investment, or establishing a foreign subsidiary. Barriers to international business include cultural, legal, political, and economic barriers like tariffs and trade restrictions.
Current Challenges in International Business
This document discusses current challenges in international business and implications for education. It outlines issues like intellectual property protection, security threats, evolving communication and business models, changing government policies, and the rise of new global powers. International business relationships and knowledge management are also transforming. This requires professional education to adapt programs with topics like emerging markets, e-business, ethics, and public-private partnerships. Flexible learning models incorporating online, blended, and corporate training options better prepare students for a shifting global business environment.
International Business
- International business involves commercial transactions between two or more countries, including trade in goods and services, investments, and transportation. It can involve private companies or governments.
- There are several approaches that companies take when entering international business - from an ethnocentric view focusing only on the home country market, to a geocentric view developing a standardized approach across all foreign markets.
- International business offers both advantages like access to new markets and resources, as well as disadvantages such as additional costs and risks of operating in foreign environments. Liberalization of trade and improvements in transportation and communication have contributed to recent growth in international business.
International business lecture 1 - ppt notes
The document discusses different mentalities that multinational corporations can take when internationalizing, including international, multinational, global, and transnational mentalities. It provides examples of strategies used by companies that exemplify each mentality. The transnational mentality is described as recognizing the importance of both responsive local operations and an international dimension through an integrated network of worldwide operations. Effective transnational companies may locate different activities like factories, call centers, marketing, and R&D in different regions to achieve efficiency and flexibility globally.
Assessing international markets
The document discusses different methods for screening international markets, including country screening which uses countries as the basis and segment screening which uses market segments. It also discusses using environmental forces to identify desirable markets and scanning the world for changes that may affect the firm. The document notes that initial screening can be based on a country's basic needs potential, climate, topography, and natural resources. It provides reasons why import data does not completely measure market potential but can still provide an indication of immediate potential.
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The document outlines several advantages and disadvantages of international business. It notes that international business allows countries to earn foreign currency through exports, specialize production, make optimal use of resources, and increase standards of living. It also benefits consumers through greater product choice and availability. However, it can also negatively impact economies through increased competition, potential exploitation of developing countries, and cultural influence.
1. Overview Of Global Business
The document discusses key concepts in international business including:
1. It provides an overview of the basics, analytical skills, and environment of international business.
2. It outlines the internal evaluation and grading structure including assignments, attendance, tests, and exams.
3. It discusses drivers of globalization like declining trade barriers, technology advances, and economic integration.
Ch 1 introduction exm
1. International trade involves cross-border transactions of goods, services, and resources between nations for commercial purposes.
2. There are several reasons why companies enter international markets, including accessing new markets and resources, reducing costs, and gaining competitive advantages.
3. While international trade provides benefits like increased specialization and access to cheaper goods, it also faces challenges such as political risks, trade barriers, and cultural differences between countries.
International business environment
BUSINESS IS DEFINED AS A SET OF ACTIVITIES RELATING TO INDUSTRY AND COMMERCE.
WHEN BUSINESS ACTIVITIES ARE CARRIED ACROSS THE POLITICAL BORDERS OF A COUNTRY, IT IS TERMED AS INTERNATIONAL BUSINESS.
A BUSINESS ENVIRONMENT INCLUDES VARIOUS EXTERNAL ACTORS AND FORCES THAT SURROUNDS A FIRM AND IMPACTS THE OUTCOME OF ITS DECISIONS AND OPERATIONS.
THE OBJECTIVE OF BOTH DOMESTIC BUSINESS AND INTERNATIONAL BUSINESS IS “MAKING PROFIT THROUGH CUSTOMERS SATISFACTION AND SOCIAL WELFARE”
TYPES OF BUSINESS ENVIRONMENT -
1. CONTROLLABLE ENVIRONMENT
a.) PRODUCTION
b.) FINANCE
c.) HUMAN RESOURCE
d.) MARKETING
2.UNCONTROLLABLE ENVIRONMENT -
a.) DOMESTIC ENVIRONMENT
b.) FOREIGN ENVIRONMENT
c.) GLOBAL ENVIRONMENT
ANOTHER MAJOR CLASSIFICATION -
1. MICRO ENVIRONMENT
2. MACRO ENVIRONMENT
RELEVANCE of international business environment
- Knowledge of international business environment is very important.
-Environment affects a firm’s strategic as well as tactical decisions so it becomes imperative for the firm to have in-depth knowledge of the various components of domestic, foreign and global environment.
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Advantages and disadvantages of INTERNATIONAL BUSINESS
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The firm and its environment
Here are definitions for the terms in the activity:
Environmental Scanning - The systematic monitoring of the major external and internal forces impacting an organization to help improve decision making.
External Business Environment - Factors outside of an organization's control that may affect its performance and decision making. Includes economic, technological, political, cultural, demographic, and natural forces.
Internal Business Environment - Factors within an organization's control that may affect its performance and decision making. Includes resources, employees, management, organizational culture, etc.
Inflation - A general and continuous rise in prices in an economy.
Interest Rates - The cost or price paid to borrow money, expressed as a percentage of the principal loan amount.
The Nature of Organization
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Nature of organization & management
The document provides an overview of the nature of organizations and management. It discusses key topics such as:
1. What constitutes an organization and the formal and informal structures within organizations. It also outlines principles of organization like division of labor, unity of command, and span of control.
2. The different forms an organization can take such as private, public, or cooperative enterprises.
3. Core concepts in management like the definition of management, goals of management in increasing productivity and effectiveness, and the key functions of planning, organizing, staffing, leading, and controlling.
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Strategic management and strategic planning
This document defines strategic management and strategic planning. Strategic management involves analyzing a company's internal and external environments, formulating strategies to achieve objectives, implementing strategies, and monitoring performance. Strategic planning is the process of crafting strategies to help a company achieve its goals. The document outlines key terms, different strategic management models, the importance of strategic planning, benefits and limitations of strategic planning, and guidelines for effective strategic planning.
Chapter 2 - the Firm and its Environment
The document discusses the internal and external business environments that can positively or negatively impact an organization's performance. It defines the general external environment as including economic, socio-cultural, politico-legal, demographic, technological, and world/ecological factors. The specific external environment includes stakeholders, customers, pressure groups, investors, and employees. The internal environment encompasses an organization's resources, R&D, production, procurement, and products/services. It also describes environmental scanning, organizational culture, economic development phases, types of business organizations, and competitive forces that influence industry competition.
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- However, international business also provides benefits like the flow of ideas and resources globally, offering new choices to consumers, and facilitating employment opportunities and technology sharing.
404 Unit 01.pptx
International business involves commercial activities that cross national borders, including trade of goods, services, capital, technology, and intellectual property. There are several reasons and benefits for international business, such as uneven distribution of natural resources, cost advantages from specialization and lower productivity costs abroad, and access to new markets and talent pools through globalization. However, globalization also presents challenges for businesses like worker exploitation, job loss, high costs of investment and legal compliance, and environmental issues across different countries.
International Business questionnaire with answers
The document defines international business and outlines key aspects like globalization, trade relations, and cultural diversity. It discusses differences between international and domestic business, including exchange of goods, languages/culture, currencies, and risks. International business approaches like the ethnocentric, polycentric, regiocentric, and geocentric approaches are also covered. The document then analyzes the political, economic, social, technological, demographic, and legal external environments affecting international business. Various trade theories and barriers are defined, including theories of absolute cost advantage, comparative cost advantage, and Heckscher-Ohlin theory. Modes of market entry such as exporting, licensing, franchising, and joint ventures are also summarized.
Chapter 01.pptx
This document provides an overview of international business and trade. It discusses the objectives and meaning of international business courses. The key types of international business are export/import trade, foreign direct investment, licensing, franchising, and management contracts. Franchising and licensing are described in more detail. The document also covers the need for and drivers of internationalization, as well as the differences between international and domestic business. It discusses various approaches to international business such as ethnocentric, polycentric, and regiocentric approaches. Globalization and its impacts are also summarized.
UB Internation Financial Zone
The document outlines Mongolia's plans to establish an International Financial Zone in Ulaanbaatar to serve as a financial hub for Central Asia. Key points include:
- Ensuring strong investor protections and reducing regulatory burdens to attract foreign investment.
- Using Dubai as a model given similarities between Dubai and Mongolia's heavy reliance on natural resources and geographical isolation.
- Potential economic benefits include diversifying the economy, increasing foreign direct investment, jobs, and tax revenues as seen in Dubai's experience establishing an offshore financial center.
- The region has demand for a secure platform connecting to world markets for trade, infrastructure development, and world-class financial services.
UNIT-2 LPG.ppt
The document discusses the introduction of liberalization, privatization and globalization (LPG) policies in India in 1991 through the New Economic Policy. It aimed to reduce regulations, open markets to private and foreign players, and ease trade restrictions. This was done to address issues with the public sector like bureaucracy, overstaffing and corruption. It also aimed to improve India's low foreign reserves.
The key aspects of LPG included liberalizing industries, easing price and foreign exchange controls, privatizing state-owned companies, and globalizing trade. While this increased competition, investment and economic growth, it also had risks like exploitation, unequal development and lack of environmental protections.
Lec 1 (Int. Business Mgt)-1.pptx
The document discusses different aspects of international business. It begins by defining international business as all commercial transactions that occur between two or more countries, including sales, investments, and transportation. It then explains the four main types of international business: 1) exporting, 2) licensing, 3) franchising, and 4) foreign direct investment (FDI). FDI refers to building new facilities in another country and can take the form of joint ventures or wholly-owned subsidiaries. The document provides details on each of the four types of international business.
International Business
Thinking of a career in international business? See if you and an international job environment are a good fit. Fuel the growth and success of multinational corporations with a career in international business. You’ll find many exciting opportunities for work at home and abroad. An increasing number of businesses now conduct business globally. In international business you’ll engage with global and cultural business issues as an import/export agent, translator, foreign currency investment advisor, foreign sales representative, international management consultant and more. If you’re in interested in learning where international business can take you, learn which personal and professional traits you’ll need to succeed.
international_trade.pdf
The document discusses the concept of free trade and its benefits. Free trade involves trade between countries without artificial barriers and allows for specialization based on comparative advantage. Countries benefit from free trade through increased competition, gains from specialization and comparative advantage, improvements in efficiency, greater product choice for consumers, and stimulus for economic growth through exports. Trade allows countries to focus on producing goods which use their most abundant factors of production intensively.
Global Business Management
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 Environment Full Syllabus
The document discusses several key theories of international trade:
1. Mercantilism held that trade should be regulated to accumulate wealth for the nation, while classical trade theory cited absolute and comparative advantage.
2. Factor proportions theory argues that countries will export goods intensive in their abundant factors. Product cycle theory sees products moving from innovation to maturity through international investment.
3. New trade theory examines how scale economies and imperfect competition affect patterns of trade. Governments can strategically influence certain industries.
4. Barriers like tariffs and quotas are implemented to encourage local production and jobs, but they also impact prices and trade flows. Tariffs specifically are taxes on imports.
IBE Unit 1.pptx
The document discusses the evolution and development of international business over time. It began in 1870 with the first phase of globalization, driven by the Industrial Revolution. This ended with World War I. Subsequently, there was a felt need for international cooperation, which led to the establishment of organizations like the IMF and IBRD. Global trade further expanded after World War II with the formation of GATT by 23 countries. This later evolved into the WTO. The document then outlines various characteristics, influences, stages, approaches, modes of entry, goals, advantages, and problems of international business. It also discusses the key components and drivers of the increasing globalization seen worldwide.
International business final ppt MBA
This presentation provides an overview of international business. It defines international business as transactions carried out across national borders to satisfy objectives of individuals and organizations. It discusses the nature, scope, features, importance, and approaches (ethnocentric, polycentric, regiocentric, geocentric) of international business. The presentation also covers motivations for and needs of international business, adapting to customer needs, problems, entry strategies, advantages and disadvantages, and reasons for recent growth in international business. Finally, it discusses some international organizations like WTO, IMF, World Bank, and economic communities.
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International Business Environment
- 2. Group Members Abdul Musawer Omid Bawari Peshgam Institute for Higher Education Presentation IBE
- 3. What’s International Business • The buying and selling of the goods and Services across the border .
- 5. • Difference in natural and geographical conditions • Mobility of factors of production • Sovereign political entities - imposition of tariffs and customs duties on imports and export , - Quantitative restrictions like quotas - Exchange control - Imposition of more local taxes etc. • Different legal systems Differences between domestic and International Business
- 7. Important Of IBE ! • Helps in Expansion • Helps in managing product life cycle • Technology Advantages • New business opportunities • Proper use of resources • Earning Foreign exchanges • Helps in mutual Growth
- 9. Need for IBE • 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
- 10. • Trade between partners of regional trade agreements • Developing countries’ trade • South-south trade • Air cargo; Express cargo • Global production network • Intra – firm trade • E-commerce
- 12. Problems in IBE Thank you !