Chapter 1 introduction
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International finance studies exchange rates and foreign investment and how they impact international trade. International business includes international trade as well as direct foreign production and other cross-border activities, while international trade only consists of exports and imports. Licensing obligates firms to provide technology in exchange for fees, while franchising obligates firms to provide a sales or service strategy, support, and possibly initial investment in exchange for periodic fees. Foreign exchange allows the conversion of one currency into another to facilitate international transactions.
![Presenter M. Zahangir Alam Assistant Professor of Finance IIUC-DC Introduction 07/12/11 [email_address] Published by Lecturesheet.iiuc28a9.com](https://image.slidesharecdn.com/chapter1introduction-111207130826-phpapp02/85/Chapter-1-introduction-1-320.jpg)
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Chapter 1 introduction
- 1. Presenter M. Zahangir Alam Assistant Professor of Finance IIUC-DC Introduction 07/12/11 [email_address] Published by Lecturesheet.iiuc28a9.com
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