Knowra International business International business International business is commercial activity conducted across national borders, involving exchanges, investments, or operations subject to multiple jurisdictions.
Foreign direct investment : Investment that gives a firm lasting ownership or control of business operations in another country. It lets companies establish or acquire operations abroad rather than serve markets only through exports.
Comparative advantage : The ability to produce a good or service at a lower opportunity cost than another producer. Differences in opportunity costs help explain why countries specialize and trade.
International market entry modes : The approaches firms use to enter foreign markets, including exporting, licensing, alliances, and owned subsidiaries. Choosing an entry mode determines how much control, investment, and risk a firm accepts abroad.
Domestic business : Commercial activity conducted within a single national jurisdiction. It generally avoids the cross-border legal, cultural, and currency differences that define international operations.
Export : A good or service produced in one country and sold to buyers in another. Exporting is a direct way to reach foreign customers without building local operations.
International trade : The exchange of goods and services across national borders. It is the trade component of the broader field, which also includes foreign investment and overseas operations.
International marketing : The planning and execution of marketing across national markets. Firms adapt products, pricing, and promotion to different customers and market conditions.
Globalization : The increasing integration and interdependence of economies, societies, and institutions across the world. It is the wider process that enables and is partly driven by international business.
International joint venture : A business jointly owned by partners based in different countries. Local partners can contribute market knowledge, relationships, and resources to a cross-border venture.
Multinational corporation : A company that owns or controls business operations in more than one country. These firms are central actors in managing production, investment, and sales across borders.
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