International Business Means International Trade

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In my opinion, I think that international business is better referred to as international trade. This is because international trade involves all the people around the world. International trade is means by exchange of goods and services between countries. Type of trading also raises matters of price, supply and demand, also affects and is affected by global events that occur. Political changes taking place in Asia can cause an increase in labor costs. Thus, it increases the manufacturing costs for the American sneaker company based in Malaysia, which in turn will cause an increase in the price paid to buy the shoes at a local shopping center.
Markets can also be extended to trade' class='brand-secondary'>international trade. It is for other goods and services that may not have been available to us. This is the reason why we are able to choose different types of cars from different countries. As a result of international trade, the market also contains competition. Therefore, the prices become more competitive which leads to the home of cheaper products to consumers.
Opportunity
With the advent of global trade, i...
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