MBA In International Business - Management skills for business operation of a multinational company



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International business refers to the trade of goods, services, technology, capital, and knowledge across national borders and at a global scale.

Transfer of capital, skills, and people between two or more countries for goods and services production.

International business is also known as globalization.

Globalization is the interaction among people, companies, and governments worldwide due to the development of transportation, communication technology.

Multinational companies help national markets to conduct business across the global marketplace.

A market is a composition of systems, institutions, procedures, or infrastructure where sellers trade their goods and services with buyers for money.

An increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and cultures.

Globalization affects business and work organization, economics, socio-cultural resources, and the natural environment.

The four basic's aspects of globalization:

Trade and transactions
Capital and investment movements
Migration and movement of people
Transfer and spread of knowledge

Factors responsible for the formation of the global marketplace:

Removal of cross-border trade barriers
Advancement in transportation
Development in telecommunication infrastructure (Internet, smartphones)

International business is the study of the internationalization process of a multinational enterprise.

The multinational company has a worldwide approach to markets, productions, and operations in many countries.

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