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Thursday, December 2, 2010

Question no 1: What is international business? How does it differ from domestic business?


INTERNATIONAL BUSINESS:-

International business consists of business transactions between parties from more than one country. Example of international business transaction include buying materials in one country and shipping them to another country for processing of assembly, shipping finished products from one country to another for retail sale.
Building a plant in a foreign country to finance operations in another. The parties involved in such transaction may include private individuals, individual companies, group of companies, and government agencies

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