Everything you need to know about the international business. International business refers to those business activities that take place beyond the geographical limits of a country. It involves not only the international movements of goods and services, but also of capital, personnel, technology and intellectual property like patents, trademarks, knowhow and copyrights. "International business consists of transactions that are devised [...]
This article throws light upon the four main elements of international business sector. The elements are: 1. Import and Export of Goods and Services 2. Expansion in the Global Markets 3. Investment in Overseas Business Operations 4. Patents, Copyrights Trademarks. International Business Sector: Element # 1. Import and Export of Goods and Services: The import and export activities are part [...]
This article provides a study note on tendering system. Meaning of Tender: A tender is an intention for procurement/import or for sale/export of specified materials and/or services under specific terms and conditions under specified payment terms. The basic idea behind this form of procurement is to give equal opportunity to all that are interested to do business. It involves bureaucracy [...]