International Business

International Business

Definition of International Business International business is the performance of business activities across national boundaries that’s internationally. Every nation in the world participates in international business to some extent. Large companies as well as smaller firms sell their products throughout the world. Involvement in international business has increased steadily since World War 2. Why Firms Conduct International Business: A country with a surplus of some product may decide to sell this surplus to other nations. Such sales will enable the country to purchase other products that it may not have…

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Corporations

What is Corporations

What is Corporations? Corporation is a business that is a legal entity separate from its owners. Some industries, such as automobile manufacturing, computer manufacturing, oil refining, and natural gas production, require millions of dollars to operate a business. Typically such vast sums of money are put together by attracting numerous investors. The unincorporated forms of business – the proprietorship and the partnership – do not attract investors who do not want to make decisions or to be actually involved in managing the firm. The corporation, by contrast, provides a form…

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Partnership Business

Partnership Business

What is Partnership A business may have a small beginning as a sole proprietorship, later expand into a partnership, and finally become corporations. Partnership is a business owned by two or more people. Partnership Act defines partnership as “an association of two or more person to carry on as co- owners of a business for profit, “Other than the difference in the number of owners, a partnership is similar in many respects to a sole proprietorship.  A partnership can be based on a written contract or a voluntary and a…

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Business Ownership

Forms of Business Ownership

Forms of Business Ownership There have three ownership forms. That’s below mentioned – 1.Sole Proprietorships 2. Partnership 3. Corporations Sole Proprietorship: The oldest, most common form of private business ownership in the United States is the sole proprietorship. A sole proprietorship is a business owned and managed by one individual. That person may receive help from others in operating the business but is the only boss; the sole proprietorship is the company.             Typically the sole proprietorship owns a small service or retail operation, such as a roadside produce stand,…

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How to Organize a Business

How to Organize a Business

How to Organize a Business A person involve in organizing a business should identify the business objectives, the types of people working for the business, the technology, and the environment in which the business operates. There has five organization structure of business. People making decisions about structure need to examine the functions before selecting a form (that is, the structure). Numerous forms, or designs, of structure are available to managers. Each way of organizing a business has advantage and disadvantage. A manager has to weigh all of these in making…

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Why We Study Business in Career?

Why We Study Business

Why We Study Business When you graduate from college, where will you work? Do you buy health food or traditional food when you shop?  What price are you willing to pay for a compact disk, a ticket to a professional baseball game, a visit to the doctor because of cold? Do you qualify for an automobile loan? Do international trade deficits have an impact on your standard of living? What caused the stock market crash? How maintained a company? None of these questions has a single clear answer. The study…

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