Cheat sheet · Class 11 · CBSE · Commerce Business Studies
International Business cheat sheet
The whole chapter on one page: key formulas, facts and the points to remember, for quick revision before a test.
CBSE Class 11 · Business Studies
Cheat sheet
Chapter 10International Business
Ways in: Exporting, Licensing/Franchising, Contract manufacturing, Joint venture, Wholly owned subsidiary.
1. Meaning
Business across national borders — trade in goods and services, investment, licensing and more.
- different currencies
- trade barriers
- different laws
- wider markets
2. Modes of Entry
| Mode | Feature |
|---|---|
| Exporting / importing | simplest, least risk |
| Contract manufacturing | outsourcing production abroad |
| Licensing / franchising | use of IPR / business model for a fee |
| Joint ventures | shared ownership with a foreign firm |
| Wholly owned subsidiary | 100% control; highest risk |
3. Export Procedure
- Receive order → check importer's credit → get export licence & IEC → pre-shipment finance → produce goods → inspection → excise/customs clearance → shipment → documents → payment.
4. Documents
- proforma invoice
- letter of credit
- bill of lading
- mate's receipt
- shipping bill
- certificate of origin
- bill of exchange
5. Key Points
- WTO replaced GATT in 1995.
- SEZs and EOUs promote exports.
- IMF and World Bank: international institutions.
- Letter of credit guarantees payment.
Remember: Modes of entry | export steps | key documents
International Business: questions and notes
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