BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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international business
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global manufacturing
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domestic marketing
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market segmentation
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Detailed explanation-1: -International business refers to the trade of 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.
Detailed explanation-2: -The term international business refers to any business that operates across international borders. At its most basic, it includes the sale of goods and services between countries. Yet, other forms of international business do exist.
Detailed explanation-3: -Multinational businesses Multinational companies are ventures that are set up across multiple countries from their conception. A good example of such a business is Coca-Cola, which has impressive profit-making potential.
Detailed explanation-4: -International trade is the exchange of goods or services between countries. Free trade agreements facilitate international trade by reducing trade barriers that exist between two or more countries, usually by reducing tariffs (customs charges on goods crossing borders).