11th Class Business Studies International Trade Question Bank International Trade-I (Short)

  • question_answer
    Define international business.

    Answer:

    Ans.     According to Roger Beneett, "International business involves commercial activities that cross national frontiers." In the words of John D Daniels and Lee H Radebough, "International business is all about business transactions—private and governmental that involve two or more countries. Private companies undertake such transactions for profits; government may or may not do the same in their transactions."
    According to Michael R Czinkota, "International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of the individuals, companies and organizations. These transactions take on various forms which are often correlated."


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