In general, International business can be defined as the exchange or transaction of goods and services among individuals and businesses in multiple countries.
On other description, a specific entity such as a multi-national corporation or international business company that engages in business among multiple country.
So, basically, International business are the set of transactions that are performed and carried out across national borders to satisfy the objectives of individuals, companies and organizations.
Most of the international business transactions are usually interrelated and of various forms. Export import trades and direct foreign investments are the very basic types of international businesses. International businesses can also be subsidiaries and joint ventures. Licensing, franchising and management contracts are also among popular forms of International Business.
Lets enjoy this nice video on International business. This video is originally published by official Ehow.com YouTube channel.