A. Transactions between corporations, individuals and governments of different nations:

1. Importing involves buying a product in, or shipping it from another country.

2. Selling products or services in, or shipping into another country is exporting.

3. The balance of trade is defined as the difference between imports and exports.

4. The level of investment in foreign assets is also a measure of international business activity.

B. Macroeconomic shifts frequently hide the effect that international business has on specific organizations.

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