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 » World View Social Sciences Economics

Companies often engage in international business to increase their sales, to become more popular, and to acquire new resources. International business allows a company to sell to new markets that could potentially increa... More »

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 » Business & Finance Corporations
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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 » 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 » World View Social Sciences Economics

Direct competition refers to companies in the same industry as your business that offer similar products and services. To capture customers and earn revenue, you need to develop and promote the specific benefits of your ... More » 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 » World View Social Sciences Economics