International Business Basic Concepts:

Following are the list of International Business Basic Concepts

Multi-national Enterprise (MNE) – A firm that owns operations in more than one country.

Globalization – Trend away from distinct national economic units and toward one huge global market.

Globalization of Markets – Moving away from an economic system in which national markets are distinct entities isolated by trade barriers and barriers of distance, time, and culture, and towards a system in which national markets are merging into one global market.

Globalization of Production – Trend by individual firms to disperse parts of their productive process to different locations around the globe to take advantage of differences in cost and quality of factors of production.

International Business –  Any firm that engages in international trade or investment.

Merchandise Export –  Tangible products sent out of a country.

Foreign Direct Investment – A foreign direct investment is one that gives the investor a controlling interest in a foreign company.

Political Economy – The study of how political factors influence the functioning of an economic system.