International Business

Organisational structure is the formal arrangement of roles, responsibilities, and relationships within an organisation. International companies specify the structure that groups individuals and operational units in ways that managers believe best support the strategy of the firm.

The international financial system consists of numerous rules, customs, instruments, facilities, markets, and organisations that enable international payments to be made and funds to flow across borders. In recent years, the international financial system has experienced tremendous growth.

In order to ensure a smooth and efficient financial transaction process several payment terms have been established. These payment terms outline the expectations and responsibilities of both parties (buyer and seller) involved in the payment process.

International negotiation is a specialised domain within the wider field of cross-cultural communications. International managers need to possess effective communication skills while negotiating with overseas suppliers or buyers,

International commodity agreements are inter-governmental arrangements concerning the production of and trade in, certain primary products to stabilise their prices.

A Special Economic Zone (SEZ) is a geographically bound zone where the economic laws in matters related to export and import are more broad-minded and liberal as compared to the rest parts of the country.