International business comprises all
commercial transactions (
private and
governmental,
sales,
investments,
logistics, and
transportation) that take place between two or more
regions,
countries and
nations beyond their political boundaries. Usually, private companies undertake such
transactions for
profit;
governments undertake them for profit and for
political reasons. The term "international business" refers to all those
business activities which involve cross-border transactions of goods, services, resources between two or more nations. Transactions of economic resources include capital, skills, people etc. for international production of physical goods and services such as finance, banking, insurance, construction etc.