When you think “global company,” what do you imagine? A massive conglomerate? A far-reaching tech corporation? Scott Szwast reveals that our image of the global business is wrong – 98% of US exporters are in fact companies with less than fifty employees. And yet, this only includes 1% of all US businesses. He explains why so many companies hesitate to leap across the border - and why they need to make the jump.
[email protected] was a TED-curated event featuring a diverse group of speakers from across the UPS community. Jointly produced by TED and UPS, the event put a spotlight on ideas, projects and insights that will contribute to the importance of pushing forward through obstacles.
About the TED Institute: We know that innovative ideas and fresh approaches to challenging problems can be discovered inside visionary companies around the world. The TED Institute helps surface and share these insights. Every year, TED works with a group of select companies and foundations to identify internal ideators, inventors, connectors, and creators. Drawing on the same rigorous regimen that has prepared speakers for the TED main stage, TED Institute works closely with each partner, overseeing curation and providing intensive one-on-one talk development to sharpen and fine tune ideas.
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Views: 21157
TED Institute
TPP, NAFTA, GAAT, WTO -- the concepts that govern our global economy and international trade are confusing to say the least, but affect us all. And why is there so much conflict around trade deals, which became a focal point during the 2016 US Presidential election? Haley Edwards breaks down the history of trade and explains how the idea of global trade has transformed in the past decades.
Haley Edwards is an author and correspondent at TIME. Her book, Shadow Courts: The Tribunals That Rule Global Trade came out in 2016. Previously, she was an editor at the Washington Monthly and a foreign correspondent in the Middle East and the former Soviety Union, where she reported for the Los Angeles Times, The Atlantic, The New Republic, and other publications. She studied philosophy at Yale University and journalism at the Columbia University Graduate School of Journalism in New York.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
Views: 48968
TEDx Talks
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Barriers to international trade consist of obstacles that prevent a business from operating successfully in international markets. These barriers include sociocultural differences, economic differences, and political/legal differences. Each of these areas must be considered if a business is going to be successful at expanding operations internationally. In this video we'll discuss each of the barriers to international trade.
Views: 17200
Alanis Business Academy
Watch Sky News live. Today's top stories are: Shamima Begum is told she won't be allowed back to the UK after she left to join IS, an eighth Labour MP leaves to join an independent group and Theresa May heads back to Brussels for Brexit talks.
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Sky News
The past decade has seen even more accelerated change in world trade, thanks to the rapid acceptance of the Internet as a business tool. Just as free trade agreements are easing the way for businesses to "go global" by enabling companies to do business across borders with less red tape and fewer delays, Alibaba's huge marketplace of manufacturers and its enhanced Trade Assurance program are smoothing the path to success for global businesses of all sizes seeking to source innovative, profit-making products. Learn more at: http://tradeassurance.alibaba.com/
Views: 56425
Alibaba.com
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
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CrashCourse
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xXAngieKinzXx
Globalization is a topic of much interest as the world adjusts to changes in leadership in the United States, Brexit, and upcoming elections elsewhere in the world. Ping Zhou’s research centers on the role of trade in a globalizing world. His talk tonight will show us why we need to embrace trade in a time of isolationist fervor.
I have been a geography instructor at EMU for seven years. Among my course load includes a relevant 300-level economic geography course. Much of my graduate and undergraduate studies focused on industrialization and trade. Six years ago, I gave a New York Times Talk at EMU on China's unstable economic growth. I have much experience in public speaking and I'm one of the highest rated instructors in our department based on public student evaluations. As a young instructor, I am able to empathize with college students, understanding how to keep them attentive and engaged.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
Views: 3853
TEDx Talks
Download more lessons at http://businessenglishpod.com
In this Video Vocab lesson, we'll look at business English vocabulary, words and phrases for international trade.
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Business English Pod - Learn Business English
International trade career pathways relevant to the Certified Global Business Professional (CGBP) accreditation domains of practices. Special thanks is extended to all of our industry experts and the District Export Council of Southern California for sharing with members of the export community.
http://lacitd.org
Views: 3744
Star Van Buren
international business, globalization, global supply chain, interdependence, taste convergence, standardized products, national markets, cultural differences, capital flows, government interventions, globalized factors of production - labor, land, capital, cost differences, quality differences, global trade,
Views: 111185
Krassimir Petrov
-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
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Wian Guse
Trends in International Trade. Tanelli Ruda, Thomson Reuters
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Dukascopy TV (EN)
This video discusses how international business differs from domestic business. It tells you what factors you need to consider when doing business in a foreign environment.
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Shad Morris
In this video we explore international trade relations between nations. We learn more about trade agreements, tariffs, and international trade organizations that help govern and maintain international trade.
Views: 89
Driving Global Growth
New analysis from the OECD and WTO breaks with conventional measurement of trade flows to reflect the way businesses increasingly disperse production chains across several countries. By looking at imports and exports in value-added terms, a fuller picture can be built up of international trade and commercial relations between nations.
For more info, visit: www.oecd.org/trade/valueadded
Views: 68204
OECD
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Is an International Business major worth it?
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Economic Invincibility
Subject:Business Economics
Paper:Global business environment
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Vidya-mitra
International Trade – Advantages & Disadvantages
Lecture By: Mr. Madhu Bhatia, Tutorials Point India Private Limited
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Tutorials Point (India) Pvt. Ltd.
Difference Between Domestic Business and International Busines | Class 11 Business International Business 1 by Anjali
Scholarslearning.com is an online education portal that provides interactive study material for students of classes 6th to 12th for CBSE. Complete with elaborate live classes, multimedia tutorials, interactive exercises, practice tests and expert help, we endeavor to make school easy for students and help them score more. We also provide free NCERT solutions, subject-wise synopses and chapter-wise revision notes for classes 6th to 12th for a thorough understanding of concepts right from a basic to an advanced level of difficulty.
Download scholarslearning app from android and ios .
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Scholarslearning Classes
Introducing the Bachelor of International Business, the fast-track three year degree in two years, taught at Monash University's new city location - 271 Collins Street.
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Monash University
It's about more than just economics.
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China's Belt and Road Initiative is the most ambitious infrastructure project in modern history. It spans over 60 countries and will cost over a trillion dollars. The plan is to make it easier for the world to trade with China, by funding roads, railways, pipelines, and other infrastructure projects in Asia and Africa. China is loaning trillions of dollars to any country that's willing to participate and it's been a big hit with the less democratic countries in the region. This makes the BRI a risky plan as well. But China is pushing forward because its goals are not strictly economic, they're also geopolitical.
To truly understand the international conflicts and trends shaping our world you need a big-picture view. Video journalist Sam Ellis uses maps to tell these stories and chart their effects on foreign policy.
Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com.
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Vox
What is protectionism? It has been in the news recently with growing concerns about a trade war between the world's two-largest economies - China & the US.
This short revision video explains what protectionism is and highlights the main methods of protectionism.
Views: 3382
tutor2u
Subject:Management
paper: Business Environment
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Vidya-mitra
Explore how NASBITE's CGBP (certified global business professional) certificate can open up myriad opportunities in the world of international business and global trade!
Views: 581
Export NorCal
Welcome to the Vodcasts of the IUBH correspondence courses. (http://www.iubh-fernstudium.de).
In this video of the course "Managing in a Global Economy", part of the "Master of Business Administration" program, Jürgen-Mathias Seeler discusses the topic "Culture and International Business".
In this unit you will be taught the meaning of the expression "culture", the characteristics and determinants of a national culture, the specifics of an organizational culture and the requirements for today's managers who engage in cross cultural business activities.
To find out more about the "Master of Business Administration" program, please visit http://www.iubh-fernstudium.de/unsere-fernstudiengaenge/fernstudium-master-of-business-administration.php.
Views: 9937
IUBH Fernstudium
Global trade is a hot topic of the G7 summit in Canada. Is free trade truly free - and fair? What roles do US President Trump, economic powerhouse China, and the EU play in global trade?
When it comes to global trade, it would seem that trickery, threats and deception are the order of the day - yet all this takes place largely beyond the reach of the public eye. Donald Trump has made "America First” his agenda and rallying cry. Along with aiming sharp criticism at global export champion Germany, Trump has also introduced punitive tariffs and warned of further measures. Will this fresh wave of protectionism lead to economic isolationism and threaten global free trade? And what about those for whom free trade’s promise of prosperity increasingly rings hollow? Around the world, many people have come to regard themselves as the losers of globalization. If the true winners of free trade and globalization are not ordinary citizens, has the time come to revise the liberal orthodoxy of free trade? This documentary visits Germany, Switzerland, the United States and Cameroon to explore these issues by way of some everyday examples, including the trade in onions, floor tiles, and bicycles.
_______
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Views: 893958
DW Documentary
What is globalization? Is globalization a good thing or not. Well, I have an answer that may not surprise you: It's complicated. This week, Jacob and Adriene will argue that globalization is, in aggregate, good. Free trade and globalization tend to provide an overall benefit, and raises average incomes across the globe. The downside is that it isn't good for every individual in the system. In some countries, manufacturing jobs move to places where labor costs are lower. And some countries that receive the influx of jobs aren't prepared to deal with it, from a regulatory standpoint. Anyway, Jacob and Adriene can explain the whole thing to you in 10 minutes.
***
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Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks
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Views: 667564
CrashCourse
Global Economics - Global Exchange: Free Trade & Protectionism (2006): Assessing the overall gains of world trade. Subscribe to Journeyman here: http://www.youtube.com/subscription_center?add_user=journeymanpictures
Societies have traded for thousands of years. However, the last 35 years have seen an explosion in world trade. How has this global integration affected the world's economy and individual markets and how are the overall gains of world trade distributed?
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Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
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Journeyman Pictures
Professor Pankaj Ghemawat, director of the Center for the Globalization of Education and Management at the Stern School of Business, discusses the CAGE framework and how businesses can use it to evaluate international trade opportunities as a part of the Global Matters Speaker Series.
Global Matters is a speaker series designed to enrich Minnesota professionals' global business acumen. The event features speakers at the forefront of global business who share their expertise in emerging issues in international business and management. The series is a platform for business, government, media and academic professionals engaged in global business to create and develop a valuable network.
For more information on the Carlson Global Institute and Global Matters, visit http://www.carlsonschool.umn.edu/cgi.
Views: 24277
Carlson School of Management
Best Documentary 2016 How China Dominated The World's Top Place [Top Documentary]
China is a member of the WTO and is the world's largest trading power, with a total international trade value of US$3.87 trillion in 2012 Its foreign exchange reserves reached US$2.85 trillion by the end of 2010, an increase of 18.7% over the previous year, making its reserves by far the world's largest.
In 2012, China was the world's largest recipient of inward foreign direct investment (FDI), attracting $253 billion.
In 2014, China's foreign exchange remittances were $US64 billion making it the second largest recipient of remittances in the world.[280] China also invests abroad, with a total outward FDI of $62.4 billion in 2012, and a number of major takeovers of foreign firms by Chinese companies.
In 2009, China owned an estimated $1.6 trillion of US securities, and was also the largest foreign holder of US public debt, owning over $1.16 trillion in US Treasury bonds China's undervalued exchange rate has caused friction with other major economies,and it has also been widely criticized for manufacturing large quantities of counterfeit goods.
According to consulting firm McKinsey, total outstanding debt in China increased from $7.4 trillion in 2007 to $28.2 trillion in 2014, which reflects 228% of China's GDP, a percentage higher than that of some G20 nations.
Graph comparing the 2014 nominal GDPs of major economies
in US$ billions, according to IMF data
China ranked 29th in the Global Competitiveness Index in 2009, although it is only ranked 136th among the 179 countries measured in the 2011 Index of Economic Freedom.
In 2014, Fortune's Global 500 list of the world's largest corporations included 95 Chinese companies, with combined revenues of US$5.8 trillion.
The same year, Forbes reported that five of the world's ten largest public companies were Chinese, including the world's largest bank by total assets, the Industrial and Commercial Bank of China
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vid kons
We created the Bloomberg Global Business Forum because international trade plays a vital role in addressing global challenges, and the more that businesses and governments cooperate, the more progress can be made. Glad to convene these extraordinary leaders from both groups – working together to tackle issues neither can solve alone. Watch here for the live broadcast of the Bloomberg Global Business Forum in New York City on September 26, 2018. Visit https://BloombergGBF.com to learn more about the speakers and agenda.
Views: 8916
mikebloomberg
#YouTubeTaughtMe
INTERNATIONAL BUSINESS MANAGEMENT (IBM)
This video consists of the following:
1. Meaning and concept of Domestic Business:
The business transaction that occurs within the geographical limits of the country is known as domestic business. It is a business entity whose commercial activities are performed within a nation.
Alternately known as internal business or sometimes as home trade. The producer and customers of the firm both reside in the country. In a domestic trade, the buyer and seller belong to the same country and so the trade agreement is based on the practices, laws and customs that are followed in the country.
There are many privileges which a domestic business enjoys like low transaction cost, less period between production and sale of goods, low transportation cost, encourages small-scale enterprises, etc.
2. Meaning and concept of International business:
International Business is one whose manufacturing and trade occur beyond the borders of the home country. All the economic activities indulged in cross-border transactions comes under international or external business. It includes all the commercial activities like sales, investment, logistics, etc., in which two or more countries are involved.
The company conducting international business is known as a multinational or transnational company. These companies enjoy a large customer base from different countries, and it does not have to depend on a single country for resources. Further, the international business expands the trade and investment amongst countries.
However, there are several drawbacks which act as a barrier to entry in the international market like tariffs and quota, political, socio-cultural, economic and other factors that affect the international business.
3. Seven major differences between domestic business and international business in tabula form
Challenges in International business: https://www.youtube.com/watch?v=Vgdzz4mk8zA
Check out my BLOG: http://www.pptwalablog.blogspot.in
Reference books for International business management:
1. https://amzn.to/2qVD2ym - International Business Management by CB Gupta
2. https://amzn.to/2Hpxnea - International Business Management by N. Venkateswaran (Author)
3. https://amzn.to/2HoLgsV - International Business: Text and Cases by Cherunilam .F (Author)
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Views: 6776
Sonu Singh - PPT wale
#YouTubeTaughtMe
INTERNATIONAL BUSINESS MANAGEMENT (IBM)
This video consists of the following:
1. Meaning and concept of International business:
International business means carrying on business activities beyond national boundaries.
These activities normally include the transaction of economic resources such as goods, capital, services and international production. Production may either involve production of physical goods or provision of services like banking, finance, insurance, construction, trading, and so on.
Thus, international business includes not only international trade of goods and services but also foreign investment, especially foreign direct investment.
2. Challenges in international business :
i. International company structure
ii. Foreign laws and regulations
iii. International accounting
iv. Cost calculation and global pricing strategy
v. Universal payment methods
vi. Currency rates
vii. Communication difficulties and cultural differences
viii. Political risks
ix. Supply chain complexity and risks of labor exploitation
x. Worldwide environmental issues
Check out my BLOG : http://www.pptwalablog.blogspot.com
Reference books for International business management:
1. https://amzn.to/2qVD2ym - International Business Management by CB Gupta
2. https://amzn.to/2Hpxnea - International Business Management by N. Venkateswaran (Author)
3. https://amzn.to/2HoLgsV - International Business: Text and Cases by Cherunilam .F (Author)
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Views: 6084
Sonu Singh - PPT wale
EditWatch this pageRead in another language
International business
Page issues
International business consists of trades and transactions at a global level. These include the trade of goods, services, technology, capital and/or knowledge.
It involves cross-border transactions of goods and services between two or more countries. Transactions of economic resources include capital, skills, and people for the purpose of the international production of physical goods and services such as finance, banking, insurance, and construction. International business is also known as globalization. Globalization refers to the international trade between countries, which in turn refers to the tendency of international trade, investments, information technology and outsourced manufacturing to weave the economies of diverse countries together.[1] To conduct business overseas, multinational companies need to separate national markets into one global marketplace. In essence there are two macro factors that underline the trend of greater globalization. The first macro-factor consists of eliminating barriers to make cross-border trade easier, such as the free flow of goods and services, and capital. The second macro-factor is technological change, particularly developments in communication, information processing, and transportation technologies.
"International business" is also defined as the study of the internationalization process of multinational enterprises. A multinational enterprise (MNE) is a company that has a worldwide approach to markets, production and/or operations in several countries. Well-known MNEs include fast-food companies such as: McDonald's (MCD), YUM (YUM), Starbucks Coffee Company (SBUX), Microsoft (MSFT), etc. Other industrial MNEs leaders include vehicle manufacturers such as: Ford Motor Company, and General Motors (GMC). Some consumer-electronics producers such as Samsung, LG and Sony, and energy companies such as Exxon Mobil, and British Petroleum. Multinational enterprises range from any kind of business activity or market, from consumer goods to machinery manufacture; a company can become an international business. Therefore, to conduct business overseas, companies should be aware of all the factors that might affect any business activities, including, but not limited to: difference in legal systems, political systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local cultures, corporate cultures, foreign-exchange markets, tariffs, import and export regulations, trade agreements, climate, education. Each of these factors may require changes in how companies operate from one country to the next. Each factor makes a difference and a connection.
One of the first scholars to engage in developing a theory of multinational companies was Stephen Hymer.[2] Throughout his academic life, he developed theories that sought to explain foreign direct investment and why firms become multinational.
There were three phases according to Hymer's work. The first phase of Hymer's work was his dissertation in 1960 called the International Operations of National Firms. In this thesis, the author departs from neoclassical theory and opens up a new area of international production. At first, Hymer started analyzing neoclassical theory and the financial investment, where the main reason for capital movement is the difference in interest rates. Then, he started analyzing the characteristics of foreign investment by large companies for production and direct business purposes, calling this Foreign Direct Investment. By analyzing the two types of investments, Hymer distinguished financial investment from direct investment. The main distinguishing feature was control. Portfolio investment is a more passive approach, and the main purpose is financial gain, whereas foreign direct investment a firm has control over the operations abroad. So, the traditional theory of investment based
Views: 637
Alisha Academy
#YouTubeTaughtMe
INTERNATIONAL BUSINESS MANAGEMENT (IBM)
This video consists of the following:
1. Meaning and concept of International business IN HINDI:
International business means carrying on business activities beyond national boundaries.
These activities normally include the transaction of economic resources such as goods, capital, services and international production. Production may either involve production of physical goods or provision of services like banking, finance, insurance, construction, trading, and so on.
Thus, international business includes not only international trade of goods and services but also foreign investment, especially foreign direct investment.
2. Nature of international business :
i. It related to transaction involving more than one country.
ii. It may be carried on by individuals, organization and government.
iii. It includes transfer of knowledge, skills, people, technology, capital information and other resources.
iv. It has become massive in scale.
v. The purpose is to satisfy customer.
vi. It now exercise a significant influence over economic, social, political life throughout the world.
3. Scope of international business :
i. Export business
ii. International business
iii. Multinational firm
iv. Global firm
v. Transnational firm
Check out my BLOG : http://www.pptwalablog.blogspot.com
Reference books for International business management:
1. https://amzn.to/2qVD2ym - International Business Management by CB Gupta
2. https://amzn.to/2Hpxnea - International Business Management by N. Venkateswaran (Author)
3. https://amzn.to/2HoLgsV - International Business: Text and Cases by Cherunilam .F (Author)
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Views: 18802
Sonu Singh - PPT wale
Subject:Business Economics
Paper:Global business environment
Views: 448
Vidya-mitra
International Trade, International Sourcing, and Global Supply Chain Solutions for your Business.
https://supremesourcingcompany.com/
Global Sourcing can be quite a task if you are not familiar with the
process and rules involved in sourcing goods and services across geopolitical boundaries.
International Purchasing and Foreign Sourcing should not be considered only for large multinational firms. Small local businesses also have the opportunity to take advantage of a sharper purchase cost through strategic sourcing alliances.
There are obviously many variables involved with one being annual usage figures. This will ultimately affect what the landed cost will be.
It may be beneficial for small businesses to work together and operate as a co-op set up. This will increase buying power, and possibly also take full advantage of the shipping space, depending on the final destination.
Experience in International Sourcing, International Trade, and International Purchasing is vitally important for businesses looking to take advantage of overseas markets and Global supply.
If you are interested in importing to increase your ROI through strategic global supply sourcing, or looking to open up export markets abroad, then Supreme Sourcing Company should be considered as an experienced, and viable option.
Name: Supreme Sourcing Company
Phone : +61 424 719 334 (Aust) and +1 201 268 7403 (US)
https://www.facebook.com/Supremesourcingcompany/
Views: 24
Supreme Web Marketing
St. Clair College's International Business Management program provides students with the multi-skilled tools they require to compete in the ever challenging field of International Trade. Students will focus on in-depth analysis of case studies in international business through structured group work. Graduates will have the necessary knowledge and abilities to apply these skills in order to specialize in a variety of international business activities. Students will learn to become competent in broad sectors of the global business environment including international marketing, trade research, global supply chain/logistics, international finance, and market entry strategy among others.
To learn more about the program, visit: http://www.stclaircollege.ca/programs/postsec/international_bus_mgmt/
Views: 12338
St. Clair College
Subject:Business Economics
Paper:Global business environment
Views: 823
Vidya-mitra
The world today is a global market space and with a large number of businesses now going global, the need for skilled professionals to handle international business operations has witnessed a surge. In this episode of Heads Up, we explore how an MBA in International Business can open up numerous career opportunities for you, both domestic and international. Also on the show, catch Prof Mike Ewing, Deakin University, Australia talk about the emerging career opportunities in the field of business and law.
Watch full video: http://www.ndtv.com/video/player/heads-up/career-opportunities-with-an-mba-in-international-business/389422?yt
Download the NDTV news app: https://play.google.com/store/apps/details?id=com.july.ndtv&referrer=utm_source%3Dyoutubecards%26utm_medium%3Dcpc%26utm_campaign%3Dyoutube
Views: 40465
NDTV
EENI Business School & HA University, is a European business school specialising in International business (foreign trade, global marketing and Internationalisation) at a distance (e-learning). EENI develops the essential skills and expertise to advance careers and business opportunities in the world of global business.
URL: http://en.reingex.com/EENI-Global-Business-School.shtml
Views: 5
SUSANA FERNANDEZ GARCIA
Issues in International Business Global Trade Structure
Views: 159
Dr. Ubirathan Miranda
The CGBP designation demonstrates an individual's ability to conduct global business including Global Business Management, Global Marketing, Supply Chain Management, and Trade Finance.
Richland College and the International Trade Center SBDC are offering prep courses and materials for the CGBP exam (the exam window is June 4-16, 2012). Our package consists of 5 Saturday prep sessions - These sessions will include: presentations, cases studies, practice exam questions, vocabulary reviews, activities, and guest speakers. Also included are selected modules from the 2011 GMS Webinars - Taught by the industry experts, these are recordings of the award-winning Import Series and Export Series webinars.
Views: 650
InternationalSBDC
EENI business school. Diploma in international trade
Views: 3
EENI Global Business School
Opera Global Business
Solutions in foreign trade: https://operagb.com/en/
International Promotion
Market Intelligence
Multilateral & European Programs
Training
Views: 86
Opera Global Business