Global Marketing BusinessGlobal Marketing Business
Notification Show More
Latest News
skillmachine net
All to Know About skillmachine net – Login, Alternative Games and Reviews
Apps
How To Handle pii_email_3ff52906d1ef28801038 Error Challenge?
How To Handle pii_email_3ff52906d1ef28801038 Error Challenge?
Uncategorized
[pii_email_2790b3b8602012e917c9] Know How You Can Solve It
[pii_email_2790b3b8602012e917c9] Know How You Can Solve It
Uncategorized
pii_email_676ae6d291aefbb083eb
What are the Easiest Ways to Resolve [pii_email_676ae6d291aefbb083eb] Error code
Solutions
pii_email_2691d855fe6f6be75143
Who Wants To Know The Mystery Behind [pii_email_2691d855fe6f6be75143]?
Telecom
Aa
  • Marketing
  • Business
  • Trading
  • Finance
  • Products
  • Telecom
Reading: What is the International Business – Types and its Factors
Share
Aa
Global Marketing BusinessGlobal Marketing Business
  • Marketing
  • Business
  • Trading
  • Finance
  • Products
  • Telecom
Search
  • Marketing
  • Business
  • Trading
  • Finance
  • Products
  • Telecom
Follow US
Global Marketing Business > Blog > Business > What is the International Business – Types and its Factors
What is the International Business – Types and its Factors
Business

What is the International Business – Types and its Factors

mbglobal
Last updated: 2022/03/16 at 6:30 AM
mbglobal Published March 16, 2022
Share
SHARE

Table of Contents

  • International Business
  • Types of International Business
    • Imports and exports
    • License
    • Franchising
    • Joint Ventures and Strategic Partnerships
  • Conclusion

International Business

International Business – The Cambridge Dictionary defines international business as “the trade activity in goods and services between countries.” However, international business goes beyond this definition. It has a vast scope. In this article, let’s understand the different areas of international business.

Contents
International BusinessTypes of International BusinessImports and exportsLicenseFranchisingJoint Ventures and Strategic PartnershipsConclusion

International business is cross-border transactions between individuals, companies, or government agencies. The transaction can be anything that has value. Some examples are:

  • Physical goods
  • Services such as banking, insurance, construction, etc.
  • Technology such as software, weapons, and ammunition, satellite technology, etc.
  • capital and
  • Knowledge

For a better understanding, the word “goods” in this article includes all of the above items. We use the word “physical goods” for common goods.

When you are running an international business, you may also need a project management tool to run your business smoothly. When it comes to choosing a project management tool, you may get confused in selecting asana or Monday.com. We suggest you to make use of Monday.com

Also Read: All to Know About Indian Financial Structure 

Types of International Business

All the major international companies in the world can be divide into seven main types. These can also be called business forms. Let’s see each one in detail:

Imports and exports

As the simplest and most widely used method, imports and exports can be considered the basis of international business. Imports are the entry of goods to the consumer markets of the country of origin, while exports are the sale of goods abroad. In short, import means to access, while export means an exit of goods in any form.

License

Licensing is one of the easiest ways to grow a business internationally. If a company has a standardized product with proprietary rights, it can license and distribute the products in the international market. Licenses originate in many forms, some of which are patents, copyrights, trademarks, etc. Products such as books and movies are often sold internationally through licensing agreements.

Franchising

Franchising is a very tangible way to grow a business both nationally and internationally. A parent company gives another company the right to do business using the parent company’s name/brand and products. The parent company becomes a franchisor, and the acquiring company becomes a franchisee. Many of the major restaurant chains in the world have used the franchise model to expand internationally. Some examples are McDonald’s, Pizza Hut, Starbucks, Domino’s Pizza, and many more.

Joint Ventures and Strategic Partnerships

A joint venture is a contract between two parties. It is an international company while another company has its local headquarters where the business is conducting. Both parties contribute to the assets and management of the company. As a result, they both share the profits. These parties can decide on the participation in the capital stock and the participation in the earnings by mutual agreement.

Conclusion

All of the above factors play an essential role in the success or failure of a company in its international business ventures. These factors must be consider during the research and planning phase to get the maximum benefit from them.

Also Read: Your Buying Guide to the Best Wireless Speakers 

You Might Also Like

What Is The Difference Between Short vs. Long-Term Rentals?

5 SEO Strategies for Local B2B Companies to Boost Online Visibility

6 Mistakes to Avoid When Ordering Promotional Products

How To Build A Business?

Jewelry 101: How to Store It, Clean It, and More

mbglobal March 16, 2022
Share this Article
Facebook Twitter Email Print
Recent Post
skillmachine net
All to Know About skillmachine net – Login, Alternative Games and Reviews
Apps
How To Handle pii_email_3ff52906d1ef28801038 Error Challenge?
How To Handle pii_email_3ff52906d1ef28801038 Error Challenge?
Uncategorized
[pii_email_2790b3b8602012e917c9] Know How You Can Solve It
[pii_email_2790b3b8602012e917c9] Know How You Can Solve It
Uncategorized
pii_email_676ae6d291aefbb083eb
What are the Easiest Ways to Resolve [pii_email_676ae6d291aefbb083eb] Error code
Solutions
pii_email_2691d855fe6f6be75143
Who Wants To Know The Mystery Behind [pii_email_2691d855fe6f6be75143]?
Telecom
pii_pn_08008e007e6bd0bcd833
Some People Excel At [pii_pn_08008e007e6bd0bcd833] And Some Don’t – Which One Are You?
Telecom
pii_email_ad4ae20bf52e384cc0dd
How to Solve [pii_email_ad4ae20bf52e384cc0dd] Error?
Topics
pii_email_a7b93224472ff079e7ed
[pii_email_a7b93224472ff079e7ed] Solve the Error Code
Topics
pii_email_51e950629b961543d164
How to Solve [pii_email_51e950629b961543d164] Error Code
Topics
[pii_email_33f5d696d68843d95791]
How to Solve [pii_email_33f5d696d68843d95791] Error Code?
Topics

Categories

  • Marketing
  • Business
  • Trading
  • Finance
  • Products
  • Telecom

About US

Digital Marketing Professionals at your service to enhance your Business Here at global marketing business, we Gather Digital Marketing professionals to share their knowledge and experiences. For the latest news and trends today, create a networking network among all participants on the web.

Random Post

Power Digital of Marketing
The Power Digital of Marketing in SMEs
Marketing
Public Finance - Meaning, Scope, Functions and More
Public Finance – Meaning, Scope, Functions and More
Finance
Kabir Singh Full Movie Download Leaked by , Movierulz, Filymzilla, 3movierulz,Jiorockers, 360p,720p
Entertainment

Popular Post

skillmachine net
All to Know About skillmachine net – Login, Alternative Games and Reviews
Apps
What is Agent Marketing – Definition, Fundamental Skills and More
What is Agent Marketing – Definition, Fundamental Skills and More
Marketing
What is Market Economy – Definition, Characteristics, and More
What is Market Economy – Definition, Characteristics, and More
Trading

© All Rights Reserved By Global Marketing Business

  • About Us
  • Blog
  • Write For Us – Global Marketing Business
  • Contact Us
  • Privacy Policy

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?