International Business

The exchange of capital, goods and services across international borders or territories

• Consumer

• Domestic trade

• International Trade

• Subsidy

A place where trade occurs

• Import

• Export

• Resource

• Market

The attitudes and behavior that are characteristic of a particular social group or organization( this can include religion, language, customs, traditions, food and etc.)

• Trade

• Tariff

• Culture

• Export

An agreement between two nations

• Trade Barrier

• Franchise

• Bilateral Agreement

• Multilateral Agreement

To make products by hand or machinery

• Manufacture

• Resource

• Translate

• Embargo

A rule or law that slows or prevents trading with other nations

• Trade Barrier

• Export

• Import

• Tariff Barrier

Identify the problems of International Business

• Legal Formalities

• Foreign Exchange

• To spread business risk

• Utilization of resources

What is the difference between Domestic and International Trade

• International trade is country to country while Domestic trade is within the nations borders.

• International trade is country to country while Domestic trade is within the nations house.

• International trade is within one country borders while Domestic trade is between two countries.

• They are the same; there is no difference

Identify the importance of International Business

• Expanding sales

• Distance barrier

• Difference in Law

• To spread business risks

A company’s sales depend on these factors:

• Consumer interest in its products or services

• All of the above

• There are more potential consumers

• Consumer willingness and ability to buy them