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What is international business ?
Functions:-
· Financial Planning and Control.
· Banking Transactions
· Forex Management
· International Monetary Systems
· International Taxation
2. Investment Decision.
· International Merger and Acquisition
· International Cash Management and Budgeting
3. Financing Decision.
· Raising Resources from International Sources
· Transfer Pricing
International trade
http://www.ny.frb.org/education/fx/growing.html
International trade is the system by which countries exchange goods and services. Countries trade with each other to obtain things that are better quality, less expensive or simply different from what is produced at home
What Is International Trade?
http://www.investopedia.com/articles/03/112503.asp
International trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy, in which prices, or supply and demand, affect and are affected by global events. Political change in Asia, for example, could result in an increase in the cost of labor, thereby increasing the manufacturing costs for an American sneaker company based in Malaysia, which would then result in an increase in the price that you have to pay to buy the tennis shoes at your local mall. A decrease in the cost of labor, on the other hand, would result in you having to pay less for your new shoes.