1.Define international business imperative and highlight the impact…

1.Define international business imperative and highlight the impact It means doing business activities or trade with one or more than different countries outside the country boundary or geographical area. It means commercial private transaction and government organization in term of sales investment and logistics. International business lead different parties for their own motives either for profit or any political reason to under take all business activities including import and export crossing borders in goods, services and economical resources Which consists capital, skills and social political reasons. International trade has a vital role to seek for materials and parts also for international opportunities for the demand of several thing and economic resources which consists of capital, skills, people to give responsibilities for the production of physical goods. Now a days international economy business has some other importance like to enhance to political relationship with other countries like EEC. Although the world wide market has explained greatly to some extent which made the possible with other countries of the world due to the globalize economy of the world. Business transaction like finance, banking, insurance, these are the main keys sectors for varies countries where international has liked with other countries to trade on permanent basis. Forty years ago international trade was very difficult between the countries by the reasons of political, communication, and social and cultural restrictions. Creation of European Economic Community (EEC) it tried to open trade barrier between the twenty three countries who participate actively in economy growth of the EEC and free trade among the members of EU. United Kingdome as the member of the EU has developed business with several countries like China, India, Sri lanka only few shortlist to WU where there is no barrier in the members. UK imports and exports the goods and services from other countries which are not the members of the EEC. International organization is ve ry important for the local economy. We have multinational enterprises where the customers have a lot of varieties of their own choice. Competition on various channel of production have modern approach to meet the requirements in more than one country. We have a number of foreign businesses throughout the countries such as, McDonald, Kentuky, and Nado. We have a range of foreign fast food business in different sectors. International business is impartial and has give the consumers more choice to get access of multiple goods. On the other hand some counties have limited international business because of government restriction to protect the home country’s market to protect job of the citizen. Sometimes home business is disappeared due to the arrival of foreign investors. Thus protection of local business is important to secure jobs an investment political measures are essential to enhance the production of the local industry. 2. Explain what strategic Alliances. Meaning of stra tegic Alliance. Discuss the potential benefits of strategic Alliances. Advantages and disadvantages. A strategic alliance is acquiring to or more parties into a relationship to meet a business need. It might be with in the local market or at international level. Distribute different resources. The partners get both support and collaboration. This organization is proved to be beneficial.