BRAC UNIVERSITY Final Report On International Business
BRAC UNIVERSITY
MBA Program
BRAC Business School
Course Title: BUS-510
An Assignment on International Business Activities & LC Process in Context of Bangladesh
Submitted to:
Dr. Shah Md. Ahsan Habib
Course Coordinator
Submitted by:
Mohammad Rezaur Rahman
ID: 13264056
Date of Submission: 13th August, 2015
Introduction
Business means production and distribution of goods and services with the objective of the maximization of long run total profit. When it is associated with the cross country and cross currency orientation, it is called international business. Theoretically, international business is the transactions that develop and carried out across borders to satisfy the objectives of individuals and organizations. These activities of private and public enterprises are involved with the movement of goods and services, resources, knowledge and skills across national boundaries. It basically goes beyond border to operate. The definition focuses on transaction which recognizes that doing business internationally is an activity, not merely an observation. The transactions of international business highlight a key difference between domestic and international business. It shows that international business is subject to a new set of macro environmental factors, to different constraints, and to quite frequent conflicts resulting from different laws, cultures, and societies.
Today, business is acknowledged to be international and there is a general expectation that this will continue for the predictable future. International business includes the very small firm that exports (or imports) a small quantity to only one country, as well as the very large global firm with integrated operations and strategic alliances around the world. This broad array of international business made distinctions among different types of international firms that help to understand a firm's strategy, organization, and functional decisions. Due to liberalization of both trade and
MBA Program
BRAC Business School
Course Title: BUS-510
An Assignment on International Business Activities & LC Process in Context of Bangladesh
Submitted to:
Dr. Shah Md. Ahsan Habib
Course Coordinator
Submitted by:
Mohammad Rezaur Rahman
ID: 13264056
Date of Submission: 13th August, 2015
Introduction
Business means production and distribution of goods and services with the objective of the maximization of long run total profit. When it is associated with the cross country and cross currency orientation, it is called international business. Theoretically, international business is the transactions that develop and carried out across borders to satisfy the objectives of individuals and organizations. These activities of private and public enterprises are involved with the movement of goods and services, resources, knowledge and skills across national boundaries. It basically goes beyond border to operate. The definition focuses on transaction which recognizes that doing business internationally is an activity, not merely an observation. The transactions of international business highlight a key difference between domestic and international business. It shows that international business is subject to a new set of macro environmental factors, to different constraints, and to quite frequent conflicts resulting from different laws, cultures, and societies.
Today, business is acknowledged to be international and there is a general expectation that this will continue for the predictable future. International business includes the very small firm that exports (or imports) a small quantity to only one country, as well as the very large global firm with integrated operations and strategic alliances around the world. This broad array of international business made distinctions among different types of international firms that help to understand a firm's strategy, organization, and functional decisions. Due to liberalization of both trade and