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What is international business

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What is international business

Posted by Dishank Khatri 6 years, 11 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 6 years, 11 months ago

Manufacturing and trading beyond the geographical boundaries of a country is known as international business. International business refers to buying and selling of goods and services beyond the geographical limits of a country. It is also called trade between two countries.
International trade is of three types
(i) Export
(ii) Import
(iii) Entrepot (Re-export)

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