international-business

Vocabulary Word

Definition

'International-Business' refers to the trade and investment activities by companies across national borders. It's more than just exporting goods, it also involves cultural, social, and legal aspects of doing business globally.

Examples in Different Contexts

In supply chain management, 'international business' deals with the complexities of managing global supply chains, including logistics, sourcing, and compliance. A supply chain manager might explain, 'Optimizing our international business operations has been key to reducing costs and improving efficiency across our global supply network.'

Practice Scenarios

Business

Scenario:

The recent fluctuations in the Euro could potentially impact our financial assets in Europe.

Response:

The fluctuating Euro is a concern. We should review our international-business strategy to mitigate potential risks.

Academics

Scenario:

Understanding the dynamics of global trading practices is essential. Divergent cultural norms can significantly impact how business is conducted.

Response:

Indeed, examining cultural norms and their implications should be a key part of international-business studies.