11 Oct 2022


International Business: Definition, Types & Examples

Format: APA

Academic level: College

Paper type: Coursework

Words: 273

Pages: 1

Downloads: 0

International business can be defined as all private and government commercial transactions that take place beyond a country’s political border (Peng, 2013). It is the business done between countries or between individuals from different companies. Such commercial transactions include sales, purchases, transportation, and investments, For example, a company in the United States may supply computers to a nation in Africa. 

Multinational Enterprise 

A multinational enterprise is a corporation that produces goods or provides services in at least two countries (Peng, 2013). Their operations reach the people in countries other than their home country but are mostly done within a region. Such corporations may have offices of branches in the different countries within which they operate. For example, a corporation that carries out business within the Americas is a multinational enterprise. 

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

Global Business 

A global business is defined as a business that takes place all over the world and is done in most or all countries. Such businesses are conducted in all continents and not in a specified region. For example, a company that provides services for profit in Europe, the Americas, Asia, and Africa carries out international business. 

Gross Domestic Product 

Gross Domestic Product is defined as the total value of all the goods and services in monetary terms provided in a country within a period of one year (Peng, 2013). It is the total sum of value that individuals, firms, and the government add in an economy within a year's period. It determines the economic performance of the country over time, usually, one year. 

Purchasing Power Parity 

Purchasing power parity is the difference is the quantity of a given product that different currencies can buy (Dornbusch, 1985, Peng, 2013). It is a theory of determining the exchage rates between different currencies. The theory asserts that price levels of commodities in a given different countries determine the countries’ exchange rates. 


Dornbusch, R. (1985). Purchasing Power Parity. Retrieved July 1, 2017 from: https://www.hks.harvard.edu/fs/jfrankel/ITF-220/readings/Dornbush-PPP-NBERWP1591.pdf 

Peng, M. W. (2013). Global strategy . Cengage learning. Print 

Cite this page

Select style:


StudyBounty. (2023, September 16). International Business: Definition, Types & Examples.


Related essays

We post free essay examples for college on a regular basis. Stay in the know!

Government Restrictions: What You Need to Know

Government sometimes steps in to intervene in the global trade. The government restrictions in international trade include the introduction of quotas, tariffs, and subsidies ( Satterlee, 2009 ). My perception of the...

Words: 837

Pages: 2

Views: 71

Assessment International Management: The Top 5 Benefits of an Assessment

QUESTION 1 There has been an emergence of new beliefs about quality, quality is everyone's job, not just a special department and training in quality. | | _ Saves money. _ |---|--- | | Is very costly. ...

Words: 731

Pages: 2

Views: 66

Cross Cultural Issues in International Business

Cross cultural issues are likely to bring barriers in the business communication, especially at international level. In that sense, it becomes important for all international organizations and their representatives...

Words: 624

Pages: 2

Views: 61

ICRC - Humanitarian Challenges in the Sahel and the Role of Diplomacy

Running head: HUMANITARIAN SITUATION IN THE SAHEL REGION 1 ICRC - Humanitarian Challenges in the Sahel and the Role of Diplomacy According to HE Sultan al Shamsi, the UAE considers the Sahel region, which comprises...

Words: 645

Pages: 2

Views: 362

Compare and Contrast: Terrorism

Timothy Garton Ash does not give a precise definition of what terrorism is, but he gives a few pointers to what should be considered when defining a terrorist. At first, he says that biography should be considered....

Words: 1963

Pages: 3

Views: 65


Introduction Concerns among International Organization regarding ethnic conflict management and the state of minority communities is a common situation globally. For instance, the League of Nations had such...

Words: 716

Pages: 2

Views: 380


Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.