International Business includes the transactions carried by business enterprises across the world. The import and export activities of a business entity are regulated by international business functions. The transactions include flow of goods, services, and technology among nations. In this business, the operations are carried out on a large scale for long run benefits. All the activities like marketing, distribution, and production are done on a large scale. It helps in integration of economies as it uses finance, technology, labor, and infrastructure from other countries. The products are sold in different countries. International Business facilitates flow of foreign capital. Developed and developing nations benefit from its operations. There is a major role of Technology and Science in International Business as it involves large scale operations. There are many choices in doing International Business like export of goods and services, joint venture, producing & distributing services and goods in host country, etc.
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