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INTERNATIONAL BUSINESS

International Business:
All business activities needed
to create, ship, and sell goods
and services across national
boarders.
International trade
Foreign trade

Importance of GIT:
Allows to purchase popular items
made in other countries
Enjoy goods and services made in
other countries
Provides a source of raw materials
and parts and demand for foreign
products.
Allows for new market and
investment opportunities
Help improve political relations

History of GIT:
15,000 years ago China , India
and Japan
1500 to 1900 European
Countries
1769 and 1915 expanded
interest in and opportunities for
international business

Trade Barriers
Import taxes increase the cost of
foreign products.
Quotas restrict the number of
imports.
Laws prevent certain products
from coming in and out a country

International Business Environment


Factors:
1. Geographic Conditions:
Climate, terrain and seaways, natural
resources, and agricultural products
2. Economic Conditions:
- Type of economic system , educational
level, type of industries and technology

3. Political and Legal Factors:


- Type of government, political
stability, and government policies
toward business
4. Cultural and Social Factors:
- language, education, religion,
values and customs and social
relationships

International Business Skills:

History
Geography
Foreign Language
Cultural Awareness
Study Skills

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