Practicing Success
Business transaction taking place within the geographical boundaries of a nation is known as............. |
International Business National business External business Retail business |
National business |
The correct answer is option 2- National business. 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. |