Discuss, what international business is, why and how it differs from domestic business, why it is important, and its historical development?

An international business can be understood as the expansion of business beyond your country. Organizations look for economic opportunities in other countries, to achieve competitive and profitable advantages, to increase their value and their market strength.

This is a strategy that includes greater responsibilities than managing a national business, due to the fact that an international business includes adapting to a different culture, legislation and preferences, which means greater challenges and greater capacity for the organization to adapt its values, products and services the culture and local rules, in order to be well accepted and well positioned in the international market.

International business was only possible due to new technologies, which allowed individuals to move and communicate more quickly, which enabled this international expansion in a more dynamic way and management in real time, regardless of geographic distance.

Currently we live in the era of globalization, where there is a great economic interaction between the countries of the world, in an ultra-competitive environment where each organization seeks the best way to generate value and economic results.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total