![]() International or external business can, therefore, be defined as those business activities that take place across the national boundaries. ![]() Manufacturing and trade beyond the boundaries of one’s own country is known as international business. It is also referred to as Domestic business or home trade. Meaning of International Business – Business transaction taking place within the geographical boundaries of a nation is known as domestic or internal business. Which one of the following is not amongst India’s major trading partners?ĭifferentiate between international trade and international business. Which one of the following is not amongst India’s major import items? Which one of the following is not amongst India’s major export items? Which one of the following modes of entry brings the firm closer to international markets? Which one of the following modes of entry permits greatest degree of control over overseas operations? Which one of the following modes of entry require higher level of risks? (a) Easier way to enter into international markets ![]() Which of the following is not an advantage of exporting? When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as
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