International Business Commercial Activities - 1713 Words

International business includes all commercial activities that are conducted between two or more countries, regions and nations. These activities may include trade of goods, services or resources. International business is common phenomena of today’s world, with the help of increased information technology and fast transportation system world become a global village.Companies are trying to increase their sales and profits by spread their business to different parts of the world. Companies operating in more than one country are known as multinational enterprises (MNE). MNE has worldwide approach for sale of their products. McDonald’s is well known MNE in fast food Industry, In vehicle manufacturing Toyota, Ford motor company are world known and in electronics Samsung, LG and Sony are famous brands. These are some examples of MNE, Which have worldwide approach to market and production. MNE are playing very important role in the world economy. These companies are generating employment opportunities and easy and cheap availability of goods and services. â€Å"International Business conducts business transactions all over the world. These transactions include the transfer of goods, services, technology, managerial knowledge, and capital to other countries. International business involves exports and imports. International Business is also known, called or referred as a Global Business or an International Marketing.†(Akrani, 2011) Introduction of Bajaj Group The Bajaj Group comesShow MoreRelatedIntroduction To International Commercial Arbitration915 Words   |  4 Pages Introduction to International Commercial Arbitration Producers of goods and services have grown their business activities up to transacting their items across various nations of the world. Many business people or entrepreneurs have expanded their properties and businesses to an international level. This has largely contributed to the crossing of large amount of goods from various countries to others, an activity which is commonly described as importation and exportation of products, propertiesRead MoreA Comprehensive Research On Anz Banking Group Ltd.1658 Words   |  7 Pagescomprehensive research on ANZ Banking Group Ltd.’s International business strategy, utilizing the concepts of Global Project Management. The information is used to understand the current capability of the organization, and propose an ICT solution that would support the organization’s business strategy while meeting its business requirements (Tang, 2010), helping the organization realize overall maturity. 1.2 Scope The investigation done was based on the business structure of ANZ with the focus on value chainRead MoreWhat Are the Specific Characteristics of the International Marketing Activities Designed and Implemented by Small Firms?1266 Words   |  6 PagesInternational Marketing What are the specific characteristics of the international marketing activities designed and implemented by small firms? As defined Robert W. Rowden (Thunderbird International Business Review, March-April 2001), a small firm (with a maximum of 50 employees) is centralized and personalized through management of an owner-manager. This type of organization provides some advantage such as proximity between manager and employees because there is less hierarchy. FurthermoreRead MorePlanning The Global Business Enterprise1309 Words   |  6 PagesPhase One: Planning the Global Business Enterprise 1. Identifying Global Business Opportunities The aircraft industry in The United Arab Emirates (UAE) is growing exponentially, both for commercial and military aircraft operations. Demand is strong for aircraft equipment, parts and services and there has been significant investment in establishing domestic MRO (maintenance, repair and overhaul) facilities in the region. â€Å"Opportunities for U.S. companies include fleet equipment, parts and servicesRead MoreAnti Bds Legislation On The United States1237 Words   |  5 Pagesmovement against Israel in the United States and worldwide and any activities committed to further BDS activism in these states. These resolutions â€Å"reject the BDS Movement and its activities,† and also â€Å"reject activities that contribute directly or indirectly . . . to promotion of economic, cultural, and academic boycotts against Israel,† â€Å"by the Boycott, Divestment, and Sanctions Movement against Israel.† These rejected activities include economic, cultural, or a cademic boycotts against IsraelRead MoreTata Motors Going Global1279 Words   |  6 Pagesthen it cannot afford to keep its business connected solely to the fortunes of one country. Secondly, with the dismantling of import restrictions in the near future or it the rupee begins to gain ground then India may not continue to have the low-cost manufacturing advantage which it has enjoyed so far. In that scenario, a transnational presence across countries that could offer greater cost advantages for manufacturing, will pay off. Thirdly, the automotive business is highly competitive and the competitivenessRead MoreInternational Bribery Regulation And The Bribery Act 20101545 Words   |  7 Pages2.4 International Bribery Regulation and the Bribery Act 2010 2.4.1 Development of National and Transnational Ethics Regulations The development of national and international bribery legislation and regulation has been a slow process spanning many centuries, stemming from the recognition of Piracy as the first and true international crime (Duhaime’s Law Dictionary, 2015). Although wide agreement exists on the detrimental impacts of bribery and corrupt practices, many individual countries and transnationalRead MoreAn Argument For An Organization953 Words   |  4 Pagesto become multination is to operate their businesses in different countries so that they can diversify their market beyond the national boundary. Multinational presence will enable the firms to operate their business activities in different countries for acquiring benefits regarding business and technical efficiency (Collins, 2013). This will reduce the cost of the product by obtaining cheap labor, tax advantage, large and untapped market share and technical advancement. For instance, Toyota, a carRead MoreComparison: International Busine ss, International Transactions and International Trade1422 Words   |  6 PagesWhat are the similarities and differences between international business, International Transactions and International trade? (2 pages) 3.1 The similarity between international business, international transaction and international trade are described below. International trade is voluntary exchange of goods, services, assets, or money between residents of two countries. According to Alan M. Rugman and Richard M (2000:154) International trade is the branch of economics concerned with theRead MoreUniform Commerical Code (UCC)1005 Words   |  5 Pagesthe Uniform Commercial Code which originally created in year 1952 by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, which are two national nongovernmental legal organizations (Steingold, 2013). These two private entities recommend that the 50 state governments adopt the UCC; however, it does not become law unless it’s enacted by the state. The UCC is a â€Å"comprehensive statutory scheme which includes laws that cover aspects of commercial transactions†