International Businesses

1. Outsourcing-to obtain goods or services from an outside source

2. Joint venture- a business enterprise in which two or more companies enter a temporary partnership.

3. Subsidiaries- serving to assist or supplement; auxiliary; supplementary.

4. How international business activity makes companies and nations interdependent?...

4.1. One country depends on another country for something and that country may depend on another country, which eventually creates global interdependence.

4.2. Import and Export

4.3. Also, globalization refers to the interdependence between countries arising from the integration of different aspects of the economy, such as trade

5. Import-to bring in (merchandise, commodities, workers, etc.) from a foreign country for use, sale, processing, reexport, or services.

6. Export-to ship commodities to another country for sale, exchange, etc.

7. Strategic Alliances-Agreement for cooperation among two or more independent firms to work together toward common objectives.