Global Business

Global Business refers to the commercial activities that take place on an international scale, encompassing various businesses and transactions that cross national borders. This includes the exchange of goods, services, technology, and capital between countries. Global business strategies often involve adapting to different cultural, legal, and economic environments to meet the needs of diverse markets. Companies engaged in global business typically seek opportunities for expansion and growth by entering foreign markets, leveraging competitive advantages, and optimizing supply chains. The term also highlights the interconnectedness of economies and the impact of global trade on local markets and international relations. Global business practices can be influenced by factors such as international trade agreements, economic policies, and global trends.