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International business is the exchange of services and products among individuals or business organizations in multiple countries. It basically comprises all the business and commercial transactions that take place among... More »

www.reference.com World View Social Sciences Economics

International business is important because it gives domestic companies access to new markets, potentially increasing sales and profitability. Operating internationally can also help a company lower expenses through dire... More »

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International business fosters rapid growth for companies because they have to meet huge demands and relatively higher standards. As such, companies are pushed to expand and invest in the best tools and technologies to k... More »

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International trade is the exchange of goods and services between two different countries. International trade creates a mutually beneficial set up between countries and companies that operate within them, as the market ... More »

www.reference.com World View Social Sciences Economics

International trade may help countries improve their own economies as well as those of other nations involved in business transactions, but it can also heavily favor large companies, leaving small businesses without a ma... More »

www.reference.com World View Social Sciences Economics

International trade allows people to pay less for products. Some areas of the world can manufacture products for less money. Other areas excel at producing high-end, innovative products. More »

www.reference.com World View Social Sciences Economics

Revenue is money that a business takes in from the sale of its products and services. It is calculated by multiplying the number of units sold by the price for the item. Profit is revenue less costs associated with produ... More »

www.reference.com World View Social Sciences Economics