Understanding International Business is business activities
through national borders. This definition includes not only international trade
and overseas manufacturing, but also a growing service industry in areas such
as transport, tourism, banking, advertising, construction, retail trade,
wholesale trade and mass communication.
Foreign business sense means the domestic operations within
a foreign country.
Understanding Multidomestik company is an organization with
branches in many countries, to formulate its own business strategy based on the
basic differences are understood.
Understanding Global Company is an organization that seeks
to standardize and integrate operations worldwide in all functional areas
Understanding International Company is referring to both
global enterprises and multidomestik.
Definition of International Business
Understanding International Business by Ball, McCulloch,
Frantz, Geringer, Minor (2006) = business whose activities transcend national
borders. Definition covers international trade. overseas manufacturing services
industry are also in various fields such as transport, tourism, banking,
advertising, construction, retail trade, wholesale trade and mass
communication.
Understanding International Business by Charles WH Hill
(2008) = The companies involved in international trade and investment.
Understanding International Business by Daniels,
Radebaugh
& Sullivan (2004) = All commercial transactions by both private and
government among two or more countries.
Characteristics that distinguish international and domestic
business is international business involves activities that cross borders, This
means that conduct international business is more complicated because these
countries have distinctive characteristics.
The problem faced by more complex
International businesses must be able to work with a wide
range of trade and investment barriers established a government
International transactions involving currency changes.
The implication: all respects boundaries should be
considered in all decisions and activities undertaken multinationals.
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