Andorra

Coordinates: 42°30′N 1°30′E / 42.500°N 1.500°E / 42.500; 1.500

Andorra (ⁱ/ænˈdɔːrə/; Catalan: [ənˈdorə], locally: [anˈdɔra]), officially the Principality of Andorra (Catalan: Principat d'Andorra), also called the Principality of the Valleys of Andorra (Catalan: Principat de les Valls d'Andorra), is a sovereign landlocked microstate in Southwestern Europe, located in the eastern Pyrenees mountains and bordered by Spain and France. Created under a charter in A.D. 988, the present Principality was formed in A.D. 1278. It is known as a principality as it is a monarchy headed by two Co-Princes – the Spanish/Roman Catholic Bishop of Urgell and the President of France.

Andorra is the sixth-smallest nation in Europe, having an area of 468 km² (181 sq mi) and a population of approximately 85,000. Its capital Andorra la Vella is the highest capital city in Europe, at an elevation of 1,023 metres (3,356 ft) above sea level. The official language is Catalan, although Spanish, Portuguese, and French are also commonly spoken.

International business

International business comprises all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more regions, countries and nations beyond their political boundaries. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons. The term "international business" refers to all those business activities which involve cross-border transactions of goods, services, resources between two or more nations. Transactions of economic resources include capital, skills, people etc. for international production of physical goods and services such as finance, banking, insurance, construction etc.

A multinational enterprise (MNE) is a company that has a worldwide approach to markets and production or one with operations in several countries.Well-known MNEs include fast-food companies such as McDonald's and Yum Brands, vehicle manufacturers such as General Motors, Ford Motor Company and Toyota, consumer-electronics producers like Samsung, LG and Sony, and energy companies such as ExxonMobil, Shell and BP. As shown, multinational enterprises can make business in different types of market.