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International Business (Lumen)

International Business (Lumen)

Last updated

Oct 14, 2024
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- Detailed Licensing
- Front Matter

Lumen Learning
Lumen Learning

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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)

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