- At the moment, domestic businesses are becoming rarer as some of these reasons such as there are many international companies that are competitive with them, the imported goods become more inexpensive so which make people love to purchase goods from outside the country. More than that is online shopping which is the most popular.
- These are five ways to make a business become an international business:
1. Export goods to the other country.
2. Import goods from outside country.
3. Have branch, factory and company overseas.
4. Cooperate with some other overseas companies.
5. Selling and global promotion.
- 3 countries is French, Britain, and US. French: Is the first trading partner with Canada. Britain: Which is the country control Canada in 1763. US: The biggest trading partner with Canada at the moment.
- Exporting: sold product to the other country.
- Importing: bought product from overseas country.
- Licensing: Allow overseas country use our band and technology, and get the receive royalties- Franchising: Allow others to do business under your brand and under business model.