Understanding International Business is a business whose activities pass through national borders. This definition includes not only international trade and manufacturing abroad but also the growing service industries in fields such as transportation, tourism, banking, advertising, construction, retail trade, wholesale trade, and mass communications.
a. Extrajudicial Business means domestic operations within a foreign country.
b. Multidomestic company is an organization with branches in many countries, formulating its own business tactics according to basic differences that are understood.
c. A Global Company is an organization that strives to standardize and integrate operations around the world in all functional areas
d. The international company refers to both global and multidomestic companies.
Understanding International Business according to Ball, McCulloch, Frantz, Geringer, Minor (2006) = Businesses whose activities exceed national borders. This definition includes international trade. overseas manufacturing as well as service industries in various fields such as transportation, tourism, banking, advertising, construction, … Read More Read More »