What does IB mean in International?
This page is about the meanings of the acronym/abbreviation/shorthand IB in the field in general and in the International terminology in particular.
International Business
Submitted by S4Bot on March 25, 2017
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Definition
What does IB mean?
- International business
- International business comprises all commercial transactions that take place between two or more regions, countries and nations beyond their political boundaries. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources include capital, skills, people etc. for international production of physical goods and services such as finance, banking, insurance, construction etc. A multinational enterprise is a company that has a worldwide approach to markets and production or one with operations in more than a country. An MNE is often called multinational corporation or transnational company. Well known MNCs include fast food companies such as McDonald's and Yum Brands, vehicle manufacturers such as General Motors, Ford Motor Company and Toyota, consumer electronics companies like Samsung, LG and Sony, and energy companies such as ExxonMobil, Shell and BP. Most of the largest corporations operate in multiple national markets.
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"IB." Abbreviations.com. STANDS4 LLC, 2024. Web. 27 Sep. 2024. <https://www.abbreviations.com/term/1862488>.
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