International Business
Meghalaya Board · Class 11 · Business Studies
Summary of International Business for Meghalaya Board Class 11 Business Studies. Key concepts, important points, and chapter overview.
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Overview
International Business refers to business activities that cross national boundaries, involving trade in goods and services, as well as production and marketing operations in foreign countries. Unlike domestic business confined to one country, international business encompasses a broader scope includ
Key Concepts
Business activities that take place across
Business activities that take place across national frontiers, including international trade, foreign investments, overseas production, and transfer o
Merchandise trade involves tangible goods
Merchandise trade involves tangible goods that can be seen and touched (visible trade), while service trade involves intangibles like tourism, transpo
Investment made by a company
Investment made by a company in foreign countries through acquiring controlling interest in foreign companies, either by setting up new ventures (gree
A form of international business where
A form of international business where a firm contracts with local manufacturers in foreign countries to produce goods according to its specifications
Licensing involves granting rights to use
Licensing involves granting rights to use patents, trademarks, or technology to foreign firms for a fee (royalty). Franchising is similar but applies
Learning Objectives
- Understand the meaning and scope of international business
- Distinguish between domestic and international business operations
- Analyze the benefits of international business for countries and firms
- Examine various modes of entry into international business
- Learn the procedures involved in export and import transactions
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