What is Global Business?
Business is buying and selling of good or services. Buying this textbook was a business transaction, so was selling your first car. So was getting paid for baby ting or fir mowing lawns global business is the buying and selling of goods and services by people from different countries. The Timex watch I wore as I wrote this chapter was purchased at a Wal-Mart in Texas. But since it was made in the Philippines, I participated in global business when I wrote check al-Mart Wal-Mart, for its part, had already paid Timex, which had paid the company that employs the Filipino managers and workers who made my watch. Of course, there is more to global business than buying imported products at Wal-Mart. you should be able t: trade rules and agreements discuss the impact of global business and that govern it.