Culture & Strategy - Alphabet Games Essay
What is international Business
Key Concepts In International Business * International Trade - describes the exchange of products and services across national borders * Exchanges can be made through exporting or can also take the form of: * Importing or Global Sourcing - the procurement of products or services from suppliers located abroad for consumption in the home country or a third country. * International Investment - refers to the transfer of assets to another country or the acquisition of assets in that country. Economists refer to such assets as factors of production and they include capital, technology, managerial talent and manufacturing infrastructure. * Foreign …show more content…
Although risks cannot be avoided, it can be anticipated and managed. This can be done by constantly assessing environments and conducting research to anticipate potential risks, understanding their implications and taking proactive action to reduce their effects.
Who Participates In International Business
Among the most important are focal firms, the companies that directly initiate