What does international business refer to? Please tell the difference between international business and domestic business.
2007-12-28 16:07:05 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
“International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals and organizations.”
The Primary Types of International Business Activities Are:
* Importing and Exporting (i.e. trade)
* Direct Foreign Investment
Additional Types of International Business Include:
* Licensing
* Franchising
* Management Contracts
Domestic business means transactions that are carried out locally, e.g. a factory manufactures goods in 1 country, using materials and workers from that country, and selling its final products within that country.
2007-12-29 00:28:57 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
I think international business refers to a business that is nationwide.
That's only what I think, considering the word 'national' and 'inter' which supposedly means 'inside'.
2007-12-29 00:16:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋