Question

What is international business explain various stages of international business?

Answer 1

Export research and planning. When companies begin trading abroad, they often target a country similar to their own in language, financial structures, legal and economic systems or culture. For example, Canadians entering the international marketplace usually address the U.S. market first.

Answer 2

Marketing is the process of building understanding and communication between the supplier and the customer.

Sales takes this process one step further, and can be characterized as the process of fulfilling the needs of customers with a satisfactory product or service, consummated by the exchange of money.


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