International business is improving the performance of the trade and the business of the organizations and firms across the world. The trade is enabling the manufacturers to seek customers globally and engage in collaborative relationships with trade partners internationally. The companies can advertise their products in foreign countries and attract more customers (Wild et al. 2015). Moreover, the customers from different countries are able to buy goods and services from other countries at a cheaper price. For example, a product made in America may cost more due to heavy taxes, but less in China. This aspect gives a person living in America to purchase the same product in other countries.
My interaction with products related to international business is positive. The market today is evolving internationally. The international commercial transactions have made individuals including myself purchase various products and access them easily. For some years, I have used my Visa card to buy products such as phones, tablets, and laptops from different countries across the world. Furthermore, can listen to international music, watch movies online, or use the internet to chat with my friends from other countries.
The absence of international market may cause lots of companies to fall. The companies earn their income by selling their products to customers globally. Last year I had the opportunity to purchase a Galaxy Tab direct from the manufacturer. By buying this product direct from the seller in South Korea, I was able to save extra cash since the tab is a little bit cheaper there as compared to our country. However, if today Samsung Company is unable to transact business internationally, most customers from foreign countries would fail to access their products, the income generated would be less, and the number of employees will reduce so that the company can maximize the profit.