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    Intb

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    meow

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    © All Rights Reserved
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    Intb

    Uploaded by

    meow
    11 views1 page

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    intb

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    Copyright:

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    11 views1 page

    Intb

    Uploaded by

    meow

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 1

    how important it is to be an international business in today's world?

    Foreign exchange provides a means for settling accounts across borders. The
    dynamics of international finance can have a significant impact on a nation’s
    economy as well as the fortunes of individual companies. Currencies can be subject
    to devaluation or revaluation as a result of actions taken by a country’s central
    banker. Currency trading by international speculators can also lead to devaluation.
    When a country’s economy is strong or when demand for its goods is high, its
    currency tends to appreciate in value. When currency values fluctuate, global firms
    face various types of economic exposure. Firms can manage exchange rate exposure by
    hedging.

    o I’ve learned about the difference between Domestic business and International
    business. Domestic business refers to the business where economic transactions are
    conducted within the geographical boundaries of the one country while the
    International business refers to the business where economic transactions are
    conducted across border with several countries in the world

    I also can learn to examine how business organisations operate in an international


    environment and gain an understanding of the development and implementation of
    strategy, managerial activities, and organisational issues relating to cross-border
    activities.

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