BST 524 International Business

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The international business takes different forms:

• Transfer of goods from one country to another (export, import, trade)
• Contractual agreements (licensing, franchising) that allow foreign companies to use products, services and processes in other countries.
• Creation and operation of sales, production, R&D and distribution centers in foreign markets.

International Business research includes understanding the impact of the above activities on domestic and foreign markets, countries, governments, companies and individuals. Successful multinational companies recognize the diversity of the global marketplace and can handle the uncertainties and risks of doing business in an ever-changing global marketplace.

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