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International Business - I

Question

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Differentiate between international trade and international business.

Solution

1. International business is a broader term as compared to international trade.

2. International trade consists of export and import of goods whereas international business not only includes this but also include trade in services such as international travel and tourism, transportation, communication, banking, warehousing, distribution and advertising etc.

Some More Questions From International Business - I Chapter

Below are given some activities relating to business. Some of them are correct and some are wrong. Which of them are wrong and which are right ?

_________ provides information to customer.

__________ activities are those activities under which goods and services are sold.

The activities which help in smooth flow of trade are know as __________.

__________ industry makes use of products which are extracted and produced by primary sector as their raw material and produce finished products.

Define “global village”.

Give meaning of International Business.

Give the types of mode of entry into International Business.

Give meaning of merchandise export and import.

Give meaning of service exports and imports.

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