It is exciting and diverse. It is changing quickly. It relies on the weather, uses an incredible

Figure 5. Fragrant Floral
If Fragrant Flower is established as the owner, it assumes all risks and rewards for its business. Photo from Uzbekistan Natural Resources Protection Service.

So, working with an attorney, they develop a set of articles of incorporation, and a set of bylaws. They file this paperwork with the state and are granted corporate status. They issue 110 shares of stock, 50 each to Jessica and Erika. In addition, a friend in the landscaping business, Peter Yu, is excited about the possibilities for Fragrant Floral and Perfect Gifts, and he buys ten of the shares. Jessica, Erika and Peter are on the board of directors, and Jessica is chairperson of the board. Fragrant Floral and Perfect Gifts, Inc. is open for business.

3.2.International agribusines

There are many reasons for agribusinesses, and the UZB economy, to be interested in the international business arena. From an economic standpoint, the exporting of UZB agricultural products boosts employment within the UZB economy.

Benefits from doing business internationally from a managerial standpoint, international markets hold appeal for a number of reasons. Some of these reasons are shown in the list below:
• Exports and sales
• Take advantage of scale economies
• Capture benefits of a global brand
• Reduce risk by diversifying across markets
• Lower costs of production
• Access lower-cost raw materials through international sourcing
• Broaden access to credit
• Leverage experiences from operating in international markets into domestic markets
While each reason in the list may not be part of a specific international opportunity for an agribusiness firm, the list does provide a snapshot of several important reasons agribusinesses find international business attractive.
Clearly, one reason to pursue international markets is to expand sales by capitalizing on growth opportunities in other countries. Some newly industrialized countries are experiencing extraordinary growth when compared with established markets such as the United States, Europe and Japan. Entering a newly industrialized country may offer agribusiness companies a piece of this potential for rapidly growing sales and profits. In addition, product life cycles can often be extended by selling products in foreign countries. The potential for expanding international sales is especially important if the domestic market is experiencing