International Business

International Business refers to the exchange of goods, services, and capital across national borders. It encompasses various activities, including importing, exporting, foreign investment, and international trade. The field involves understanding different markets and cultures, as well as the legal, economic, and political environments that affect global commerce. International businesses operate in multiple countries and must navigate diverse regulations, tariffs, and cultural differences while striving for profitability and competitive advantage in a global marketplace. Key elements include international marketing, cross-border transactions, supply chain management, and global financial management. The increasing globalization of economies has made international business a critical aspect of economic development and corporate strategy.