Global business generally refers to international trade. A company which is doing business all over the world, that business are called global enterprises. Earlier also there was the exchange of goods over great distances. Such trade, of course, was not by definition global but had the same characteristics. 

1. Huge capital resources: These enterprises have huge financial resources.  They have the ability to raise funds from different sources. Funds are raised by the issue of issuing equity shares, debentures, etc to the public. The investors of the host countries are always willing to invest in them because of their high credibility in the market.

2. Foreign collaboration: With companies of the host countries, these enterprises enter into agreements. These agreements are made in respect of the sale of technology, production of goods, patents, resources, etc.

3. Expansion of market territory: They expand their market territory when the network of operations of these enterprises extends beyond their existing physical boundaries. They occupy dominant positions in various markets by operating through their branches, subsidiaries in host countries.

4. Centralised control: Despite the fact the branches of these branches of these enterprises are spread over in many countries, they are managed and controlled by their Head Office (HO) in their home country only. All these branches have to work within the broad policy framework of their parent company.