International business includes all private and governmental business transactions, sales, investments, logistics, and transportation that occur between two or more regions, nations, and countries beyond their political boundaries. Generally, private companies undertake such transactions for profit, governments undertake them for profit and for political reasons. It refers to all those commercial activities that involve cross-border transactions of goods, services, resources between two or more nations. The transaction of economic resources includes capital, skills and people. for the international production of physical goods and services such as finance, banking, insurance and construction. A multinational enterprise (MNE) is an organization that has a global approach to markets and production or that operates in more than one country. A multinational corporation is often called a multinational corporation (MNC) or transnational corporation (TNC). Well-known multinationals include fast food companies such as McDonald's and Yum Brands, vehicle manufacturers such as General Motors, Ford Motor Company and Toyota, consumer electronics companies such as Samsung, LG and Sony, and energy companies such as ExxonMobil, Shell and BP. Most of the larger companies operate in multiple national markets. Areas of study within this topic include differences in legal systems, political systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local culture, culture corporate, foreign exchange markets, tariffs, import and export regulations, trade agreements, climate, education and many other topics. Each of these variables required critical changes in how specialized units work, starting with one nation and then… middle of paper… they wouldn't even exist. Information technology is infiltrating all aspects of business, both large and small. Without it, a company will not be able to keep up with the competition. The flip side of this theory however is the fact that information technology is cheap and therefore everyone has access to it. This in turn allows all competition to have the same advantage. This might work for a smaller company that has a good marketing campaign. Larger companies have always been able to succeed in the competitive market due to their ability to gain a foothold in the stock market and obtain financing that a smaller company may not be able to obtain. The ability to advertise allows these smaller organizations to become more profitable simply by being recognized. A retail company that is willing to ship its products globally is able to increase its sales exponentially.