International business is the set of all commercial transactions — trade, investment, and operational — that take place between two or more countries. It includes exporting, importing, foreign direct investment, licensing, franchising, and the global operations of multinational corporations.
What Is International Business? International business refers to all commercial transactions — private and governmental — that take place between two or more countries. These transactions include the trade of goods and services, foreign direct investment, licensing and franchising arrangements, and the management of global operations by multinational corporations. If a business activity crosses a national border, it falls within the scope of international business. The field is broader than inte