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Activity 1: Basic concepts of International Business
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Basic concepts of International Business
Xiomara Cevera Lopez
Activity 1 - UMB Virtual
BIBLIOGRAPHY
Daniels, John D.; Radebaug, Lee H. Sullivan, Daniel P. Negocios internacionales. Ambientes y operaciones. Pearson Educación, 2004, Capitulo 1. Negocios internacionales: Una perspectiva general.
Stoner, James A.F.; Freeman, Edwar y Gilbert Jr., Daniel R. Administración. Pearson Educación, 1996.
Foreing trade
Components
These are the conditions, forms and content regarding the exchange of goods and services, punctually are the laws and regulations to carry out international trade.
They are all activities and conditions that represent the exchange of goods and services. Under this theme are two important concepts.
Components
International trade
They are all commercial operations where different nations participate worldwide.
OBJECTIVES
The following concepts are aimed at international trade activity
OBJECTIVES
Sales expansion
The purchasing power is greater in the whole world than in a single country. In order to increase the potential market, companies seek international markets.
Sales expansion
Obtaining resources
How to pronounce Manufacturers and distributors look for products, services and components produced abroad. The purpose of this exercise is to reduce costs, improve operations, be competitive, among other features.
Obtaining
resources
Risk minimization
To minimize changes in sales and profits, companies look for foreign markets to take advantage of the differences in economic cycles.
Risk minimization
Exportation and importation
Exports consist of sending and imports of entering goods into the country.
These two activities are the main sources of international income and expenses.
OPERATIONS
Tourism and transportation
When companies or people visit another country, some expenses are generated, these are constituted in service exports for the country that is visited and imports for visitors.
Tourism and transportation
Service performance
Some services generate income in fee forms. As an example it can be a company that is in another country under the administration of entities of that country.
Service performance
Asset use
When a company allows another to use its assets, under contracts where income is received called royalties.
Asset use
Direct investment
It is the one that provides the investor with a controlling interest in a foreign company.
Investments
It means the possession of properties abroad in exchange for a financial return
Investments
Investment Portfolio
It is an interest without control of a company or the ownership of a loan to another party.