Question

please help me. ``describe how international business evolved?``

Answer 1

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Answer 2

Describe how international business evolved.

• The typical processes of commerce, foreign direct investment, money movements, migration, and the development of technology in underdeveloped countries are how international business development develops.
• Activities associated with the trade of commodities or services across other nations to meet their individual needs are referred to as "international business." Business evolution refers to the establishment, expansion, and ongoing development of a company into new markets and economic sectors.
• In order to get closer to overseas clients and provide them with more efficient service at cheaper prices, businesses began investing more money abroad and starting to produce goods and services elsewhere.
• This was the beginning of the global business. Foreign trade also fosters domestic market competitiveness and opens up new market prospects in other countries. Global competition encourages businesses to use resources more creatively and efficiently. Nowadays, almost all businesses, regardless of size, are impacted by global competition.

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