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International Business (Lumen)

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    International business is the exchange of goods, services, technology, capital, or knowledge across national borders. It can include: (1) Selling goods and services between countries, (2) Producing goods overseas and selling them domestically, (3) Outsourcing services to cheaper locations, (4) Transferring people, intellectual property, or contractual assets. International business can benefit the global economy, but it also comes with risks, such as: Language and cultural barriers, Currency exchange rates, and Foreign politics and policies

    Thumbnail: Wai Tan, Shanghai, China; Unsplash License; Li Yang via Unsplash)

    This page titled International Business (Lumen) is shared under a CC BY-SA license and was authored, remixed, and/or curated by Lumen Learning via source content that was edited to the style and standards of the LibreTexts platform.