International Business

Business is...

• Any activity involving

  business operations across national borders.

• any activity that seeks to provide goods and services to others while operating at a profit

• increasing integration of the world economy

International Business

• Any activity involving

  business operations across national borders.

• any activity that seeks to provide goods and services to others while operating at a profit

• increasing integration of the world economy

Globalization

• any activity that seeks to provide goods and services to others while operating at a profit

• Any activity involving

  business operations across national borders.

• increasing integration of the world economy

International Company

• increasing integration of the world economy

• is a company that conducts business across national borders.

• is a company that conducts business in only one country, which is known as the home country.

Domestic Company is

• is a company that conducts business across national borders.

• is a company that conducts business in only one country, which is known as the home country.

• a permanent global institution to promote international trade and to settle international trade disputes

World Trade Organization (WTO) is

• Agreement that created a free-trade area among the United States, Canada, and Mexico.

• is a company that conducts business in only one country, which is known as the home country.

• a permanent global institution to promote international trade and to settle international trade disputes

North American Free Trade Agreement (NAFTA)

• Agreement that created a free-trade area among the United States, Canada, and Mexico.

• a permanent global institution to promote international trade and to settle international trade disputes

• is a company that conducts business in only one country, which is known as the home country.

Asia-Pacific Economic Cooperation (APEC)

• An alliance that promotes open trade and economic and technical cooperation among member nations throughout asia

• a free trade zone encompassing 27 European countries

• strongly held concepts that are present in a culture. Values are connected to powerful emotions

European Union (EU)

• An alliance that promotes open trade and economic and technical cooperation among member nations throughout asia

• strongly held concepts that are present in a culture. Values are connected to powerful emotions

• a free trade zone encompassing 27 European countries

Values are

• a free trade zone encompassing 27 European countries

• strongly held concepts that are present in a culture. Values are connected to powerful emotions

• people may blindly obey the orders of their superiors and are less likely to question authority. Companies tend to use centralized decision-making and tall organization structures (many levels of management)