a.What is international business? b.Why it is important for you to study international business?
Any company or individual that offers products or services for a profit is said to be in business. That a business is something that runs with the intention of making a profit is the crucial aspect of this definition. Even if not every firm is profitable enough to do so, making money is always the main goal.
In the absence of any other business organization, a sole proprietorship is a situation in which the business owner and the company are one and the same thing. Considered a sole proprietorship, for instance, would be someone who prepared some lemonade and sold it at the end of their street. In order to start a sole proprietorship, no legal papers need to be prepared and filed. The moment your business launches, it begins.
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