What are the Importance of International Business for economy? Answer: The points below highlight the importance of international business: a) Earn foreign exchange: International business exports its goods and services all over the world. This helps to earn valuable foreign exchange. This foreign exchange is used to pay for imports. […]
Read moreInternational Business concept International Business encompasses any business transaction that involves parties from more than one country.These transaction can take various forms and can involve individual companies, group of companies, and or government agencies. International business can differ from domestic business because of differences in currency, legal system, cultures, and […]
Read more