Chapter6: International Management
Section6.1: Importance Of International Management
Problem 2CC: What is foreign direct investment?
Related questions
Question
What is Exporting?
Expert Solution
Step 1
International Business - It refers to the cross-border exchange of goods and services or resources between nations. It can be between two nations or even more than two nations. Such exchanges are not limited to money only but also to people, intellectual property like patents, copyrights, trademarks, etc.
It refers to that business activity taking place beyond the geographical limits of a country and also a process of commercial activities that satisfy an individual's need and fulfills the objective of Companies or Organizations.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.Recommended textbooks for you