international Business

Each of us heard more than once about international business, but not everyone thought about what it was specifically. This article will help you in this.

International business is a set of business transactions directly related to the movement of goods (services, information, data, technology, capital) with the intersection of the borders of a state, one country or another.

Like any other types of business, international business has its own characteristics, namely:

- the structure of profit streams due to doing business outside the country;

- obtaining additional economic opportunities (agreements of an international character, international legal framework, access to the resource characteristics of another country);

- dependence on external negative factors (internalization);

- operation of the services of a global business service, which in turn depends on the nationality and is aimed solely at economic efficiency;

- consideration of many cultural factors;

- the global nature of doing international business;

- the system of interaction of economic knowledge and skills level, which is higher than the national;

- availability of the main resource - information;

- the presence of the main "weapon" - adaptation;

It should also be noted that international business has a number of visible advantages, the main of which are the expansion of product sales markets, risk diversification, increase in production.