Why international business is important
Multinational Perspective
A business born in america that takes its business around the world with very little modification.
multidomestic persepective
Companies believe that every country is different. so they change their business practices, products and services to meet the needs of each market.
What is an international business?
Companies with operations in more than one nation, business selling products across national boundaries, businesses that rely on national suppliers, business that is affect by international competitors.
Why is international business different?
Currencies, Different languages, government/laws, different cultures, different economic systems/cycles, differeing geographies, it is higher risk.
Why is international business important?
World growth, techonolgy transfer, exports as GNP, survival, its where profits are, world equlization, world peace
global perspective
a person or company tries to find the best anwswer to any issue from anywhere in the world.
What isnt international business?
isolated real estate, non transportable products, highly pershiable goods, local services
