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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Domestic Transaction |
Selling of goods produced in the same country mani |
domestic = close to you |
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International Transaction/ International Trade |
Selling goods produced in another country, involves creating, selling, and shipping goods across borders |
international = not only in one country |
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Benefits to Participating in International Business |
1) access to many more markets (companies must adapt their products to different need and wants and conform to different law) 2) Global Product (A standardized product that is offered in the same form in different counties 3) cheap labour 4) increased quality 5) increased quantity 6) Access to resources (natural (bamboo), human (cheap labour)) |
6 things |
