International business

International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more regions, countries and nations beyond their political boundary. Usually, private companies undertake such 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, resources between two or more nations.

Transaction of economic resources include capital, skills, people etc. for international production of physical goods and services such as finance, banking, insurance, construction etc. International business deals with business activities (both production and services) that crosses the national boundaries. This activity includes movement of goods, services capital or personnel, transfer of technology, etc .

Functionally, by business we mean those human activities, which involve production or purchase of goods and services with the object of selling them at a profit. Today’s world is an era of Global Village or specialization. A particular country is not self-dependent for producing goods and services. One country depends on another for goods and services as well as one area of a particular country depends on another area for meeting demand. This interdependence creates international Business. 

CHARACTERISTICS OF BUSINESS

What makes a business great? This is one of the key questions to ask when looking to invest your dollars in the common stock of a publicly traded company. Obviously, the goal of any business is to create capital where there was none before; i. e. , generate profits. However, just because a company is profitable today does not necessarily mean it will be profitable tomorrow. Good investments are made in companies that can sustain profitability over a period of time, and are not prone to swift and painful loss of business.

Here are 5 primary factors to look for when evaluating a potential investment in terms of determining whether or not it is a great business: 1. Recurring Sales One way to guard against a sudden loss of business is to employ a recurring revenue business model. There are numerous examples of this: consumable products (food, beverages, toiletries, etc. ), subscription media, open-ended prescription drugs, business services such as outsourcing payroll, consumer services like cable TV and broadband internet, and so on.

All of these businesses generate recurring revenues from customers on an annual or monthly basis, and so are not necessarily reliant on their product being the "hot" item at the moment. Conversely, there are lots of businesses that must constantly compete to win business, and after winning it, they rarely see more sales to the same customer. One Magic Formula example of this is LCA-Vision (LCAV), which provides laser eye correction surgery. It's pretty unlikely that most customers will need (or want) to have their vision corrected twice!

Source: mccafe swot analysis