Unit 1: INTRODUCTION TO INTERNATIONAL BUSINESS

goods and services produced by a firm in one country and then sent to another country

goods and services produced in one country and bought in by another country

The exchange of goods and services across international borders

the growing interdependence of locations and economic actors across countries and regions

the mutual reliance between groups of actors including individuals, firms, countries or religions

The process by which a company, institution, or organization adapts its products, services, or operations to cater to international markets, while maintaining a localized approach.

a multi-plant firm that controls and coordinates operations in at least 2 countries

the kind of companies whose operation in one country, distribution in other countries)

a company with a parent company that only possesses a stake of between 20 and 50% ownership of the company

a business whose parent company holds a majority stake (50% or more of all shares)