The Influence and Impact of Key Factors That Affect the Practice of International Business in South Africa
NAME: UKWU OKWUDILI AMOBI.
I D NUMBER: U04200910
TOPIC: THE INFLUENCE AND IMPACT OF KEY FACTORS THAT AFFECT THE PRACTICE OF INTERNATIONAL BUSINESS IN SOUTH AFRICA
TABLE OF CONTENTS
1. INTRODUCTION
2. OBJECTIVES OF INTERNATIONAL BUSINESS
3. FACTORS THAT AFFECT INTERNATIONAL BUSINESS
1.4 A BRIEF INTRODUCTION OF THE SOUTH AFRICA ECONOMY
1.5THE INFLUENCE AND IMPACT OF KEY FACTORS THAT AFFECT THE PRACTICE OF INTERNATIONAL BUSINESS IN SOUTH AFRICA
1.5 CONCLUSION
1.6 REFERENCES
1.1 INTRODUCTION
International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more nations. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons.[1]
It refers to all those business activities which involves cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources include capital, skills, people etc. for international production of physical goods and services such as finance, banking, insurance, construction etc[2]
A multinational enterprise (MNE) is a company that has a worldwide approach to markets and production or one with operations in more than a country. An MNE is often called multinational corporation (MNC) or transnational company (TNC). Well known MNCs include fast food companies such as McDonald's and Yum Brands, vehicle manufacturers such as General Motors, Ford Motor Company and Toyota, consumer electronics companies like Samsung, LG and Sony, and energy companies such as ExxonMobil, Shell and BP. Most of the largest corporations operate in multiple national markets.
1.2 OBJECTIVES OF INTERNATIONAL BUSINESS
The Objectives of International business are sales expansion, resource acquisition, risk minimization.
1.3 FACTORS THAT INFLUENCE INTERNATIONAL BUSINESS
Factors that affect
I D NUMBER: U04200910
TOPIC: THE INFLUENCE AND IMPACT OF KEY FACTORS THAT AFFECT THE PRACTICE OF INTERNATIONAL BUSINESS IN SOUTH AFRICA
TABLE OF CONTENTS
1. INTRODUCTION
2. OBJECTIVES OF INTERNATIONAL BUSINESS
3. FACTORS THAT AFFECT INTERNATIONAL BUSINESS
1.4 A BRIEF INTRODUCTION OF THE SOUTH AFRICA ECONOMY
1.5THE INFLUENCE AND IMPACT OF KEY FACTORS THAT AFFECT THE PRACTICE OF INTERNATIONAL BUSINESS IN SOUTH AFRICA
1.5 CONCLUSION
1.6 REFERENCES
1.1 INTRODUCTION
International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more nations. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons.[1]
It refers to all those business activities which involves cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources include capital, skills, people etc. for international production of physical goods and services such as finance, banking, insurance, construction etc[2]
A multinational enterprise (MNE) is a company that has a worldwide approach to markets and production or one with operations in more than a country. An MNE is often called multinational corporation (MNC) or transnational company (TNC). Well known MNCs include fast food companies such as McDonald's and Yum Brands, vehicle manufacturers such as General Motors, Ford Motor Company and Toyota, consumer electronics companies like Samsung, LG and Sony, and energy companies such as ExxonMobil, Shell and BP. Most of the largest corporations operate in multiple national markets.
1.2 OBJECTIVES OF INTERNATIONAL BUSINESS
The Objectives of International business are sales expansion, resource acquisition, risk minimization.
1.3 FACTORS THAT INFLUENCE INTERNATIONAL BUSINESS
Factors that affect