Hello, I am looking for someone to write an article on Element of International Business. It needs to be at least 1750 words.

Hello, I am looking for someone to write an article on Element of International Business. It needs to be at least 1750 words. The recent globalization has opened up new areas to speed up their activities. Taking the entire world as a common market, an adequate flow of technology and investment- The global business is about to achieve new heights. International business helps global exports to expand from US$ 3311 billion in 1990 to US$ 5456 billion in 1997. Technological improvements in communication and information have made the whole world as commonplace of business burying all the factors of distance, culture, language, and climate. Besides traditional avenues, mercantile trade, many new avenues have opened up for both developed and developing countries such as the export of software, opening up of service sectors like banking and insurance to international competition. Global business can take up any one of the following aspects.

International business also deals with a number of channels. Home country production consists of direct and indirect exports. Overseas production deals with licensing, franchising, contract manufacturing, management contracting, manufacturing facilities, assembly operations, and joint ventures. Production in free areas is created in any country which is free of all domestic taxes, levies, restrictions, etc. They may be Export Processing Zones (EPZs), 100% Export Oriented Units (EOUs), Technology Parks (TPs), Special Economy Zones (SEZs) or Free Trade Zones (FTZs).

Price: Price is the value of ‘anything’ which determines the cost of a product which includes its cost of production as well as a certain percentage that forms its profits. Among countries, there is variation in the price level, but international business is based on a stable price level.

Technology: Due to the increasing era of science and development technology plays a crucial role in international business. The success of any countries international trade is highly depending on its successful implementation of sophisticated technology towards its market trends.