Please give your response to the following questions What do you understand by t
ID: 2808990 • Letter: P
Question
Please give your response to the following questions What do you understand by the term Globalization? How it's related to the international business 1- 2Do you find the difference between internationa) Trade and International business? If yes how? 3 Explain the differences among the Export companies/ International Companies, MNCs. Transnational Companies & Global Companies. Name the most prevalent Currencies traded in the world. Explain the role of technology in International Business. List the five international Institutions involved in governing and regulating the International business 7- Question of the date & debate:- THE BIG ONE: Trump slams China with tariffs on $200 billion worth of goods, taking the trade war to the next level"Explanation / Answer
1 Globalization: It can be define as a process of integration world’s deferent types of economics, different type of culture knowing about each other, major industries of the world becoming a one major force and forming international policy making towards peace and wellbeing. Globalization impacts international business since through globalization get know about new things people develop inew taste which required international to fulfill these needs .
2. There are lot difference between international business and international trade. The scope of international trade is very narrow where as international business can be seen as one major things than international trade. Only the movement of goods comes under international trade whereas international includes movement of capital, movement of money, movement of investment, movement of technology, intellectual copy rights and patents between two or more than two countries.
3. TRANSNATIONAL companies are companies which are in the international business but they don’t considered any country to be a home country
MNCs: These countries owns business in multiple countries other than home country.
Export companies: these type of companies only deals in the export of the goods from home country to a foreign company.
International country: these companies are in international business. In the home country they have staff, production unit, building but nothing such in other foreign country.
Global companies: They have investment in multiple countries and headquarters in home countries. They are in homogenize product and scaling up in multiple countries and work upon economics of scale .
4. World most prevalent currency is US Dollar .