BUS 346- Final Exam Guide - Comprehensive Notes for the exam ( 51 pages long!)

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 346
• Professor: monica semeniuk

Document Summary

International business: commercial transaction that crosses the borders of two or more nations. Imports: goods and services purchased abroad and brought into a country: exports: good and services sent out of a country and sold abroad. Technology makes it possible: technology is perhaps the most remarkable facilitator of societal and commercial changes today, e-business (e-commerce): use of computer networks to purchase, sell, or exchange products; service customers; and collaborate with partners. It is making it easier for companies to make their products abroad, not simply import and export finished goods. Global talent makes it happen: today, companies can go almost anywhere in the world to tap into local expertise and favor business climates. Globalization: trend toward greater economic, cultural, political and technological interdependence among national institutions and economies, denationalization national boundaries becoming less relevant. By supplementing domestic sales with international sales, the company can reduce or eliminate wide variations in sales between seasons and steady its cash flow.