International Business

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International business deals with business activities both production and services that cross the national boundaries. This activity includes the movement of commodity, services, capital or personnel transfer of technology etc. International business is a term to collectively describe all commercial transactions (private and government sales, investment and transportation) that take place between two or more regions, nations and countries beyond their political borders. Usually private companies undertake such transaction for profit, government undertake them for profit and for political reasons. It refers to all these business activities which involves cross border transaction of services, goods and resources between two or more nations. Transaction of economic resource includes capital, skills, people etc. for international production of physical goods and services such as banking, construction, finance etc. 

According to J. L. Hanson, 
An exchange of various specialized commodities and services rendered among the corresponding countries is known as international business.
An international business is a business that not only earns revenue of capitalizes on local or domestic products and services. It uses and provides and services to and from other countries as well. International business is also  called,known or referred as a global business or an international marketing. 


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