Professional Documents
Culture Documents
International Business
International Business
International Business
International Business:
All business activities needed
to create, ship, and sell goods
and services across national
boarders.
International trade
Foreign trade
Importance of GIT:
Allows to purchase popular items
made in other countries
Enjoy goods and services made in
other countries
Provides a source of raw materials
and parts and demand for foreign
products.
Allows for new market and
investment opportunities
Help improve political relations
History of GIT:
15,000 years ago China , India
and Japan
1500 to 1900 European
Countries
1769 and 1915 expanded
interest in and opportunities for
international business
Trade Barriers
Import taxes increase the cost of
foreign products.
Quotas restrict the number of
imports.
Laws prevent certain products
from coming in and out a country
History
Geography
Foreign Language
Cultural Awareness
Study Skills