BUSINESS STUDIES

INTERNATIONAL BUSINESS
SEMINAR
K.JASHWANTH
XI F
11608
 INTRODUCTION TO INTERNATIONAL
BUSINESS
 Countries all over the world are undergoing a fundamental shift in the way they produce and market
various products and services
 Due to increased cross border trade and investments, countries are no more isolated.
 The prime reason behind this radical change is the development of communication, technology,
infrastructure etc.
 Emergence of newer modes of communication and development of faster and more efficient means of
transportation have brought nations closer to one another.
 The national economies are increasingly becoming borderless and getting integrated into the world
economy.
 Business in the present day is no longer restricted to the boundaries of the domestic country
 India has been trading with other countries for a long time. But it has of late considerably speeded up
its process of integrating with the world economy and increasing its foreign trade and investments
 MEANING OF INTERNATIONAL BUSINESS

 International trade is referred to as the exchange or trade of goods and services between different nations.
 This kind of trade contributes and increases the world economy.
 The most commonly traded commodities are television sets, clothes, machinery, capital goods, food,
raw material, etc.
 International trade has exceptionally increased, which includes services such as foreign transportation,
travel and tourism, banking, warehousing, communication, distribution, and advertising.
 These foreign investments and productions help companies to come closer to their international
customers, thus serving them with goods and services at a very low rate
 It can be concluded by saying that international trade and production are two aspects of international
business, which is growing day by day across the globe.
Introduction:
International Business, as a subject, encompasses
the study of various activities that are involved when
businesses extend their operations beyond national borders.
It delves into the complexities of global trade, international
finance, cross-cultural management, and the
interconnectedness of economies worldwide. This report
aims to elucidate the meaning and significance of
international business
 MEANING OF
INTERNATIONAL
BUSINESS REPORT
MEANING OF INTERNATIONAL BUSINESS: INTERNATIONAL
BUSINESS REFERS TO COMMERCIAL TRANSACTIONS THAT TAKE
PLACE ACROSS NATIONAL BORDERS. IT INVOLVES THE EXCHANGE OF
GOODS, SERVICES, TECHNOLOGY, CAPITAL, AND KNOWLEDGE
BETWEEN DIFFERENT COUNTRIES AND CULTURES. UNLIKE
DOMESTIC BUSINESS, INTERNATIONAL BUSINESS OPERATES IN A
MORE COMPLEX ENVIRONMENT, CHARACTERIZED BY DIVERSE
LEGAL SYSTEMS, CURRENCIES, LANGUAGES, AND CULTURAL
PRACTICES. IT ENCOMPASSES VARIOUS ACTIVITIES SUCH AS
EXPORTING, IMPORTING, FOREIGN DIRECT INVESTMENT (FDI),
LICENSING, FRANCHISING, AND OUTSOURCING.
 J

CONCLUSION: IN CONCLUSION, INTERNATIONAL BUSINESS IS A DYNAMIC FIELD THAT PLAYS A

PIVOTAL ROLE IN SHAPING THE GLOBAL ECONOMY. BY STUDYING INTERNATIONAL BUSINESS IN
CLASS 11, STUDENTS NOT ONLY GAIN A DEEPER UNDERSTANDING OF GLOBAL BUSINESS DYNAMICS
BUT ALSO DEVELOP CRITICAL SKILLS SUCH AS CROSS-CULTURAL COMMUNICATION, STRATEGIC
THINKING, AND RISK MANAGEMENT THAT ARE ESSENTIAL FOR SUCCESS IN THE INTERCONNECTED
WORLD OF BUSINESS.