International Business

International Business refers to commercial transactions and activities that take place between businesses or individuals from different countries. It encompasses a wide range of economic activities, including trade of goods and services, foreign investment, logistics, and marketing across borders. International business considers various factors, such as cultural differences, economic environments, legal regulations, and currency exchange rates, which can significantly impact how businesses operate globally.

The field aims to understand how to navigate these complexities to achieve successful coordination and collaboration in diverse markets. This can involve exporting and importing goods, forming partnerships or joint ventures, establishing subsidiaries in foreign markets, and understanding international trade laws and regulations. Essentially, international business is crucial for companies seeking to expand their reach beyond domestic markets and participate in the global economy.