International Business (IB)

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International Business (IB)

International Business

The economic transactions between countries.

Market

A Market is where producers and consumers meet and trade, this could a physical market for foods, items etc. Or a digital one i.e, stocks, crypto, bitcoin.

Transaction

An exchange of a good or service, in exchange for money.

Ways for a business to be considered an International Business

Having a retail or distribution business in another country, or a manufacturing plant in another country. Importing and exporting between countries also makes it an International business.

Business

A Business, Also known as an enterprise, firm, or establishment. Is an association that is involved in goods or services to its clients. Perhaps for profit or non profit.

Domestic Business

A domestic business is a business that makes all of its transactions within the same country from where its based/where they're from.