Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

International Business

Question:

International Business involves international movements of:

Options:

Capital

Personnel

Goods & services

All of these

Correct Answer:

All of these

Explanation:

The correct answer is option 4- All of these.

Business transaction taking place within the geographical boundaries of a nation is known as domestic or national business. It is also referred to as internal business or home trade. Manufacturing and trade beyond the boundaries of one’s own country is known as international business. International or external business can, therefore, be defined as those business activities that take place across the national frontiers. It involves not only the international movements of goods and services, but also of capital, personnel, technology and intellectual property like patents, trademarks, know-how and copyrights.