Even China, with its vast human and natural resources, has not been able to remain aloof from the world economy. In the United States, international business touch people's lives daily. Common goods and services, often identified with the United States, are, in fact, foreign owned. Examples include Burger King, Pillsbury, Scotty's hardware stores, Shell and Citgo gasoline stations, Stouffer'sfrozen foods and Carnation evaporated milk. This guide will address these and other issues.
International business is business conducted in more than one country.
It is buying and selling goods and services in foreign countries. Other international business activities include marketing, manufacturing, mining, and farming. In sum, international business is all the practices a business in a single country does, but at the international level. International business does not function in a vacuum. It operates within the context of international and, sometimes, regional rules and regulations set by appropriate governmental organizations.