International Business – Introduction to International Business

International Business International Business refers to the global business where goods and services are exchanged between countries. It involves transfer of goods, services, information, resources, capital etc. International business comprises of all commercial transactions that take place between two or more countries beyond their political boundaries. These transactions may take place between private companies or governments of different countries. According […]

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BCG Matrix – Boston consultancy group growth share Matrix

BCG Matrix Boston consultancy group growth share Matrix commonly known as BCG Matrix is a famous portfolio analysis technique developed by Boston consultancy group in the 1970`s. It was developed for managing portfolio of different business units. The BCG Matrix  shows a relationship between products that are generating cash and products that are eating cash. Large companies who want to […]

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Difference between Domestic and International Business

Difference between Domestic and International business Domestic Business International Business Geographic Area It is carried out within the national or geographic borders of the country It is carried out across borders and national territories of a country Restrictions Tariffs and quotas are not present and very few local restrictions are imposed on a domestic business Many restrictions are imposed while […]

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Modes of International Business- Modes of entry in Foreign Market

A careful analysis of various factors have to be done before entering a foreign market in order to choose to most profitable market. These factors are :- A) Country Specific Factors – Laws and Regulation of the Country Infrastructural Conditions Property rights and Legal framework Political Factors Cultural Factors   B) Industry Specific Factors – Entry and Exit Barriers Industrial […]

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Tariff and Non Tariff Barriers in International Business

Tariff and Non Tariff Barriers Tariff and Non-Tariff Barriers are restrictions imposed on movement of goods between countries.  It can be levied on imports and exports. Tariff and non tariff barriers are imposed for various reasons such as – (i) National Security – Countries enforce tariff and non-tariff barriers to protect the security of the nation. Eg. Defence sector in […]

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Regional Economic Integration / Regional Trade Blocks

Regional economic Integration refers to cooperation between various countries of a particular region in order to develop that particular area. It includes economic integration of various trading areas of different countries. It is also known as Regional trade block, Regional economic forces and Regional grouping. A regional trade block is a type of inter-governmental agreement, in which barriers to trade […]

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International Market Intermediaries – International Business

International Market Intermediaries are middleman or intermediaries who act as channel members in the product distribution channel. They facilitate the sales process buy linking buyers with sellers. International Market Intermediaries are responsible for seeking potential buyers/sellers , negotiating terms of trade and importing/exporting the products to the end user.    Types of International Market Intermediaries   The Various types of International Market […]

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International Monetary Fund (IMF) – Objectives, Membership, Organization structure, Functions, Advantages, Criticism, India and International Monetary Fund

International Monetary Fund (IMF)   The International Monetary Fund (IMF), is an international monetary institution established by 44 nations under the Bretton Woods Agreement of July 1944.  It was established to – (a) promote economic and financial cooperation among its members (b) to facilitate the expansion and balanced growth of world trade (c) to eliminate the widespread devastation and economic […]

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World Trade Organization – Objectives, Functions,Structure,Benefits and Drawbacks

World Trade Organization  The Uruguay round of General Agreements on Tariffs and Trade (GATT) (1968-93) gave birth to World Trade Organization (WTO).  World Trade Organization was formed as a replacement for General Agreements on Tariffs and Trade in 1995 with the purpose of supervising and liberalizing international trade.  Unlike GATT, World Trade Organization is a permanent organisation which has been […]

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World Bank-IBRD-Membership, Objectives, Organizational structure, Capital Structure, Functions, Criticism, India and the World Bank

International Bank for Reconstruction and Development – World Bank   The International Bank for Reconstruction and Development (IBRD) commonly referred to as World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and long term balance growth in international trade. World Bank was established in July […]

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