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t. e. International business refers to the trade of Goods and service 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. Transactions of economic resources include capital, skills, and ...
Globalization, or globalisation ( Commonwealth English; see spelling differences ), is the process of interaction and integration among people, companies, and governments worldwide. [ 1] The term globalization first appeared in the early 20th century (supplanting an earlier French term mondialisation ), developed its current meaning sometime in ...
International joint venture. An international joint venture ( IJV) occurs when two businesses based in two or more countries form a partnership. A company that wants to explore international trade without taking on the full responsibilities of cross-border business transactions has the option of forming a joint venture with a foreign partner ...
CAGE Distance Framework. The CAGE Distance Framework identifies Cultural, Administrative, Geographic and Economic differences or distances between countries that companies should address when crafting international strategies. [ 1] It may also be used to understand patterns of trade, capital, information, and people flows. [ 2]
Economics. International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different ...
International factor movements. In international economics, international factor movements are movements of labor, capital, and other factors of production between countries. International factor movements occur in three ways: immigration / emigration, capital transfers through international borrowing and lending, and foreign direct investment ...
Global marketing is also a field of study in general business management that markets products, solutions and services to customers locally, nationally, and internationally. [3] [4] International marketing is the application of marketing principles in more than one country, by companies overseas or across national borders. [5]
International business strategy refers to plans that guide commercial transactions taking place between entities in different countries. [citation needed] [1] [2] Typically, the phrase "international business strategy" refers to the plans and actions of companies (public or private) rather than of governments; as such, the goal of such a strategy involves increased profit.