International Business · Class 11 · CBSE · Commerce Business Studies
Which feature most clearly distinguishes international business from domestic business?
Practice question from International Business (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
easy · MCQ · Q-AE8D18
Which feature most clearly distinguishes international business from domestic business?
- A.It involves transactions only within the political boundaries of one country.
- B.It involves business transactions across the political boundaries of two or more countries.Correct answer
- C.It is carried out only by government-owned enterprises.
- D.It always requires the physical movement of goods.
Solution
International business includes business activities such as trade, investment and services that take place across the political boundaries of different countries.
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