Multinational Corporations (MNC) – MNC`s are huge business organizations which extend their business operations beyond the country of its origin. They are multi-product and multi-process enterprises who extend their business activities in various countries through a large network of industries and marketing operations. A MNC can be simply defined asRead More →
International Market Intermediaries are middleman or intermediaries who act as channel members in the product distribution channel. They facilitate the sales process buy linking buyers with sellers. International Market Intermediaries are responsible for seeking potential buyers/sellers , negotiating terms of trade and importing/exporting the products to the end user. Read More →
Regional economic Integration refers to cooperation between various countries of a particular region in order to develop that particular area. It includes economic integration of various trading areas of different countries. It is also known as Regional trade block, Regional economic forces and Regional grouping. A regional trade block isRead More →
Tariff and Non Tariff Barriers Tariff and Non-Tariff Barriers are restrictions imposed on movement of goods between countries. It can be levied on imports and exports. Tariff and non tariff barriers are imposed for various reasons such as – (i) National Security – Countries enforce tariff and non-tariff barriers toRead More →
A careful analysis of various factors have to be done before entering a foreign market in order to choose to most profitable market. These factors are :- A) Country Specific Factors – Laws and Regulation of the Country Infrastructural Conditions Property rights and Legal framework Political Factors Cultural Factors Read More →
International Business International Business refers to the global business where goods and services are exchanged between countries. It involves transfer of goods, services, information, resources, capital etc. International business comprises of all commercial transactions that take place between two or more countries beyond their political boundaries. These transactions may takeRead More →
Difference between Domestic and International business Domestic Business International Business Geographic Area It is carried out within the national or geographic borders of the country It is carried out across borders and national territories of a country Restrictions Tariffs and quotas are not present and very few local restrictions areRead More →
BCG Matrix Boston consultancy group growth share Matrix commonly known as BCG Matrix is a famous portfolio analysis technique developed by Boston consultancy group in the 1970`s. It was developed for managing portfolio of different business units. The BCG Matrix shows a relationship between products that are generating cash andRead More →
Non Banking Financial Company (NBFC) A Non Banking Financial Company is a financial institution that does not have a full banking license and facilitates bank related financial services. It means – (a) A financial institution that is a company (b) A Non-banking institution that is a company whose principal businessRead More →
International Monetary Fund (IMF) The International Monetary Fund (IMF), is an international monetary institution established by 44 nations under the Bretton Woods Agreement of July 1944. It was established to – (a) promote economic and financial cooperation among its members (b) to facilitate the expansion and balanced growth ofRead More →
World Trade Organization The Uruguay round of General Agreements on Tariffs and Trade (GATT) (1968-93) gave birth to World Trade Organization (WTO). World Trade Organization was formed as a replacement for General Agreements on Tariffs and Trade in 1995 with the purpose of supervising and liberalizing international trade. Unlike GATT,Read More →
Export promotion measures are public policy measures taken by the government of a country to potentially enhance the exporting activities and employment of that country. In India, a number of export promotion schemes have been in existence for some time which promote the industries that have a potential for developing andRead More →