An cosmos(prenominal) business is those business transactions that involve the crossing of national boundaries. They include product presences in different market of the world such(prenominal) as dairy product, production based crossways the globe, e.g. rice or crops, investment in international operate like banking, advertising, tourism and retailing and transaction involving intellectual properties such as copyrights, patent, trademarks and process technology.( K Aswatappha, 2006) This essay is dividing into two sections, the premier(prenominal) cover the various methods in which firms engaged in International Business and the second section covers how foreign characteristics can influence a firm International Business.
There are 5 main foreign characteristics can influence a firm International Business. First characteristic is the nicety of a foreign country. Different countries have different kind of culture, i.e. different in tastes, habits and customs. Therefore, a firm has to vary and adjust their products to fit the culture of the particular country. Most of our U.S.
products were art-related, but we found that the UK customers are a pop [culture] community--they love music and movies more than the U.S. customers, says Miao. (Nichole L. Torres, 2006) This article states that ethnic understanding is key to any successful international venture.
hypertext transfer protocol://economics.about.com/
http://tradeinservices.mofcom.gov.cn/en/h/2009-02-08/67993.shtml
http://en.reingex.com/en115coca.asp
Superstitious03, “Political risks in international trade” , Available from: http://www.helium.com/items/1014239-political-risks-in-international-trade, Accessed on: 31th alarming 2009
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