Question

Discuss the Nature of international business business environment?

Answer 1

Answer:

Nature,scope, need and problems for international business

Definition: International Business is the process of focusing on the resources of the globe and objectives of the organisations on global business opportunities and threats. International business defined as global trade of goods/services or investment.

Answer 2

Answer:

International Business - The exchange of goods and services, lieu of earning money and to expand the business is done between the two or more countries.

The international business trades not only in goods and services but also in capital, knowledge, as well as the pattern of working and it's technology and techniques.

Nature of International Business -

• It brings the overall advancement in the technology of working operationally.

• It helps in the exchange of currency.

• It brings the overall creativity and boosts in product creation and designing.

• It makes a better competitive market.

• It brings flexibility in the working structure.