International Business

Page 1 Khairil Anwar bin Yahaman IC No:711210-10-6059 Question 1. transnational business is a term used to collectively take up exclusively commercial transactions (private and governmental, sales, investments, logistics,and transportation) that take place between ii or more nations. Usually, private companies undertake much(prenominal)(prenominal) transactions for profit; governments undertake them for profit and for political reasons.It refers to all those business activities which involves cross border transactions of goods, services, resourcefulnesss between two or more nations. Transaction of economic resources include capital, skills, mint etc. for international production of physical goods and services such as finance, banking, insurance, construction etc. The conduct of international operations depends on companies objectives and the means with which they carry them out. The operations affect and are alter by the physical and societal factors and the competitive environment. Operations Objectives: sales expansion, resource acquisition, risk minimization Means Modes: importing and exporting, tourism and transportation, licensing and franchising, turnkey operations, management contracts, institutionalise investment and portfolio investments.

Functions: marketing, global manufacturing and supply chain management, accounting, finance, human resources Overlaying alternatives: option of countries, organization and control mechanisms Physical and societal factors Political policies and level-headed practices Cultural factors Economic forces Geographical influences warring factors Major gain in price, marketing, innovation, or other factors. Number and comparative capabilities of competitors Competitive differences by country There has been growth in globalization in recent decades due to the following eight factors: Technology is expanding, particularly in transportation and communications. ... If you want to get a expert essay, order it on our website: Orderessay

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