Question

Write about the evolution and development in international business

Answer 1

Answer:

Just like domestic business, International business too consists of transactions being carried out. But in the case of International businesses, such transactions are carried out across borders with the main goal being stakeholders' satisfaction.

In times today, we realize the importance of how it all began and the historical context of international businesses. Basically the evolution and beginning of international businesses can be dated back to times before the World War II.

This happened because during those times, there used to be movement of capital across the European Nations.

Later on international businesses started showing their place in the global market when one country expanded its reach to other nations. For instance, in the 1960's era Europe and Japan made significant efforts to rid US and UK of their initial position.

Such businesses included the emergence of Foreign Direct Investments as well which was seen as a major source of income at the time in the form of investment. This led to further expansion and opening of avenues.

Answer 2

Global Trade of goods and services lead to the evolution of International business environments.

Explanation:

• The evolution of international business has taken place throughout the exchange of goods and services over the intentional borders. In the form of FDI, capital flow, currency exchanges, and migration along with the advancement in technology.

• With the onset of the globalization process of societies, economies, and culture the nations have become more integrated by the exchange networks items of the global strategic management.

• Professionals working in the field of IB must have an understanding of the economy, culture, and laws of the target company.

• Emerges of growth opportunities in emerging economies all around the world. The creation of BRICS and the creation of cultural and financial bridges among nations are responsible for the developments in International business.

Learn more about the evolution and development in international business.

• brainly.in/question/11480642 answered by alinakincsem.