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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 »

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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 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 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

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 »

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

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