International Business
Introduction
International business is commercial transactions involve private company or government between two or more countries, regions and nations outside their political boundary. Business activity being take place such as goods, services, resources, capital, skills, people and etc. Usual company trade for profits and mostly refers to all those business activities which involves cross border transactions of goods, services and resources. International manufacturing refers to physical goods import and export such as construction material, electronics product, vehicle, commodities and etc. A multinational enterprise (MNE) is a company that has a worldwide approach to markets and production or one with operations in more than a country. An MNE is often called multinational corporation (MNC) or transnational company (TNC). Well known MNCs include fast food companies such as Old Town, McDonald's and KFC, vehicle manufacturers such as Proton, Perodua, Toyota, consumer electronics companies like Panasonic, Samsung, LG and Sony, and energy companies such as Petronas, ExxonMobil, Shell and BP. Luxury product such as Bonia and Royal Selangor. Most of the largest corporations operate in multiple national markets.
According to Wikipedia, the areas which most of the business people would be looking into it are such as political systems, legal systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local culture, corporate culture, foreign exchange market, tariffs, import and export regulations, trade agreements, climate, education and many more topics. Each of these factors requires significant changes in how individual business units operate from one country to the next. Hence the knowledge and information of politic and economic in term of international level are very significant for Malaysian manufacturing to cater the risk in export activity as well as avoid against the rule and regulation of each
International business is commercial transactions involve private company or government between two or more countries, regions and nations outside their political boundary. Business activity being take place such as goods, services, resources, capital, skills, people and etc. Usual company trade for profits and mostly refers to all those business activities which involves cross border transactions of goods, services and resources. International manufacturing refers to physical goods import and export such as construction material, electronics product, vehicle, commodities and etc. A multinational enterprise (MNE) is a company that has a worldwide approach to markets and production or one with operations in more than a country. An MNE is often called multinational corporation (MNC) or transnational company (TNC). Well known MNCs include fast food companies such as Old Town, McDonald's and KFC, vehicle manufacturers such as Proton, Perodua, Toyota, consumer electronics companies like Panasonic, Samsung, LG and Sony, and energy companies such as Petronas, ExxonMobil, Shell and BP. Luxury product such as Bonia and Royal Selangor. Most of the largest corporations operate in multiple national markets.
According to Wikipedia, the areas which most of the business people would be looking into it are such as political systems, legal systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local culture, corporate culture, foreign exchange market, tariffs, import and export regulations, trade agreements, climate, education and many more topics. Each of these factors requires significant changes in how individual business units operate from one country to the next. Hence the knowledge and information of politic and economic in term of international level are very significant for Malaysian manufacturing to cater the risk in export activity as well as avoid against the rule and regulation of each