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INTERNATIONAL BUSINESS
MEANING:
to collectively describe all commercial transactions that take place between two or more regions, countries and nations beyond their political boundary. DEFINITION: International business is defined as activities that buying and selling of goods and services across two or more national boundaries, even if the management is located in one country.
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Growing importance of international business:GLOBALISATION q COMPETITION q EXCHANGE RATE q SOCIAL RESPONSIBILITY qECONOMIC DEVELOPMENT q NEW TECHNOLOGY
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TECHNOLOGY INNOVATION. q STRONG RESEARCH AND DEVELOPMENT. q INCREASE COMPETATION. q DEVELOP INDUSTRIAL GROWTH. qRISE IN THE EXPORTS.
Impact of technology on Click international business:to edit Master subtitle ECONOMIC DEVELOPMENT.style
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INTERNATIONAL MARKETING
Meaning
Click to edit Master subtitle style
Marketing is the process of planning and executing the conception, pricing, promoting and distribution of ideas, goods or services. International marketing means promotion and distribution of a product at International Level i.e across the national boundaries.
Definition
International Marketing can be defined as exchange of goods and services between different national markets involving buyers and sellers.
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AUTHORITY
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PURPOSE FEATURES
PURPOSE FEATURES
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MEANING: Was established in India in the year 1964. qThis institution is establishment for the purpose of avoiding higher risk situation by providing adequate cover of insurance to exporter. qIt does not provide direct finance to the exporter. 3/20/12
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MEANING: Is a public financial institution established on 1st jan,1982. qEstablished by an act of parliament. qFor the purpose of financing, facilitating and promoting foreign trade.
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LETTER OF CREDIT
MEANING: Master subtitle style Click to edit Is the safest method of receiving payments. qIt gives protection to exporter against the non payment from importer. qIssued by opening (importer bank) to negotiator (exporter bank). qContract of sale.
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BALANCE OF PAYMENT
MEANING:
The balance of payments subtitle style Click to edit Master provides a country with a record of
international payment flows. The balance of payments is the difference between all payments coming into a nation and those going out of the nation. It is the balance of international monetary transactions for a nation.
DEFINITION:
The Balance of Payments is the statistical record of a countrys international transactions over ascertain period of time presented in the form of double-entry bookkeeping.
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Balance of trade
MEANING:
or a trade deficit. Under a balanced trade scheme between two countries, each country will agree to purchase as many goods as it sells to the other. A country looking to achieve balanced trade may use tariffs or barriers to trade to ensure that other countries purchase its goods. A condition in which an subtitle neither Click to edit Mastereconomy runsstyle a trade surplus
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PRESENTED BY01.PINKESH MOHINANI Click to edit Master subtitle style 02.MAYUR RANE 03.PRAJAKTA MARATHE 04.SANGEETA GAJARE 05.KIRAN MAKHIJA 06.PREETI DUSEJA 07.RAMESHWAR VHATKAR 08.POURNIMA ADHANGLE
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