International Business

Page 1 Khairil Anwar bin Yahaman IC No:711210-10-6059 Question 1. external business is a term used to collectively key all(prenominal) commercial transactions (private and governmental, sales, investments, logistics,and transportation) that take place betwixt cardinal or more nations. Usually, private companies undertake much(prenominal) transactions for profit; governments undertake them for profit and for political reasons.It refers to all those business activities which involves cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources include capital, skills, state etc. for international production of physical goods and services such(prenominal) as finance, banking, insurance, construction etc. The conduct of international operations depends on companies objectives and the means with which they carry them out. The operations affect and are touch on by the physical and societal factors and the competitive environment. Operations Objectives: sales expansion, resource acquisition, risk minimization Means Modes: importing and exporting, tourism and transportation, licensing and franchising, turnkey operations, management contracts, unmediated investment and portfolio investments.

Functions: marketing, global manufacturing and supply chain management, accounting, finance, human resources Overlaying alternatives: cream of countries, organization and control mechanisms Physical and societal factors Political policies and ratified practices Cultural factors Economic forces Geographical influences matched factors Major emolument in price, marketing, innovation, or other factors. Number and comparative capabilities of competitors Competitive differences by country There has been growth in globalization in recent decades due to the following eight factors: Technology is expanding, specially in transportation and communications. ... If you want to get a right essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.