International Business

The balance of payments is an accounting statement that summarises all the economic transactions between residents of a particular country and residents of all other nations. It is a measure of all transactions between domestic country and international countries.

The acquisition is acquiring or purchasing an existing venture. It is one of the methods of expanding a business by entering new markets or new product areas. A businessman must carefully structure the payment to avoid becoming financially overburdened.

The socio cultural environment includes the social and cultural factors that influence individuals and communities. It includes various aspects such as beliefs, values, customs, traditions, and social norms which are prevalent in a particular society or group.

The World Trade Organisation (WTO) is an international organisation designed by its founders to supervise and liberalise international trade to offer a world trading system. The organisation officially commenced on January 1, 1995, under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT)

A merger is a combination of equals which is often pursued to achieve economies of scale, increase market share, and enhance competitiveness. Therefore, it is normal for a merged organisation board not to be dominated by the management of either of its predecessors.

Strategic alliances can be the result of a variety of business arrangements including acquisitions, joint ventures, mergers and licensing agreements.