International Business

By -
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. 


Comments

Post a Comment

Popular posts from this blog

Education Movement of 1962 in brief

By -
Image
In 1959, then president of Pakistan Ayub Khan formed a commission headed by education secretary SM Sharif to make a framework of an education policy. The commission's report was published in 1962 and provoked a student's agitation in former East Pakistan (Now peoples republic of Bangladesh) because of some anti-poor biased feature. Finally Ayub Khan suspended activation of that policy. Police action against mass demonstration. After independence of Pakistan, central government showed step motherly attitude to its eastern part, Bangladesh. Even number of educational institutes also decreased. As a result dropout rate increased within a short time. In 1958 General Ayub Khan proclaimed martial law as well as became president. His government formed a commission on national education lead by SM Sharif, the then West Pakistan Education Secretary. There were ten other members of the committee apart from the chairmen. In its report they defined education as a productive ...
Read more

Major Features of Bangladesh Constitution

By -
Image
Constitution of Bangladesh was officially adopted on 4th November, 1972 by constitution assembly and implemented on 16 December of the same year, marking the Victory Day. The constitution of the peoples Republic of Bangladesh is written document and inflexible. Based on Bangladesh constitution, Bangladeshi Parliament is one chambered. According to this, Bangladesh judiciary is separated from the executive. Fundamental Principle of State Policy:   Article 8 of Bangladesh constitution described the fundamental principle of state policy which is Nationalism, Democracy, Socialism and Secularism.  Unicameral Legislature:   According to Article 65 of Bangladesh constitution, legislative assembly is unicameral. That means there is only one house parliament which is 'House of the nation' commonly known as 'Jatiya Sangshad'.  Written Document:   The constitution is a written document and is divided into 11 parts, which are further subdivided into 1...
Read more

Aims and objective of foreign policy of Bangladesh

By -
Image
As like other countries, Bangladesh Foreign policy also has some major objectives. Aims and objectives of the Bangladesh foreign policy are to foster public interest, to protect national security, to make sure development, to confirm national dignity and to keep countries ideology alive.  Photo: Bangladesh foreign minister Dr. Dipu Moni To ensure the public interest is the basic reason for a foreign policy. Ensuring public interest one of the major objectives of Bangladesh foreign policy. Policymakers made to serve the purpose of the state and that is the highest priority.  Bangladesh foreign policy is made to ensure national security both internally and externally. Internal dimension can be understood from political and economic stability of the environment. It denotes stability of the domestic sphere of Bangladesh. On the contrary, external security means preservation of freedom from the external opponent  One of the major agenda of Bangladesh foreign...
Read more