BUA 343 Lecture Notes - Lecture 1: Foreign Direct Investment, Gross Domestic Product, International Trade

• School: University of Maine
• Department: Business Administration
• Course: BUA 343
• Professor: Myer

Document Summary

International business the performance of trade and investment activities by firms across national borders (cross-border business) Firms seek international market opportunities today more than ever. Gives you access to products and services from around the world and affects your quality of life. International trade describes the exchange of products and services. Finished products and intermediate goods can be imported and across national borders exported. Gdp (gross domestic product) total value of products and services produced in a country in the course of a year. International investment refers to the transfer of assets to another country or acquisition of assets in that country. International portfolio investment passive ownership of foreign securities such as stocks and bonds for purposes of generated financial returns. Foreign direct investment (fdi) internationalization strategy in which the firm establishes a physical presence abroad through acquisition of productive assets such as land, plant, equipment, capitol, and technology.