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What is the difference between domestic and international business?
  • a)
    Domestic business refers to economic transactions within the same country, while international business refers to transactions between different countries.
  • b)
    Domestic business refers to economic transactions between companies, while international business refers to transactions between individuals.
  • c)
    Domestic business refers to economic transactions between different countries, while international business refers to transactions within the same country.
  • d)
    Domestic business refers to economic transactions within the same industry, while international business refers to transactions between different industries.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the difference between domestic and international business?a)D...
Domestic business involves transactions within the same country, while international business involves transactions between different countries. Domestic business is generally easier and less risky due to fewer cultural differences and more uniform laws and regulations. On the other hand, international business requires navigating different selling processes, currencies, customers, taxation laws, and regulations, making it more challenging and risky. The degree of risk is higher in international business compared to domestic business.
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What is the difference between domestic and international business?a)Domestic business refers to economic transactions within the same country, while international business refers to transactions between different countries.b)Domestic business refers to economic transactions between companies, while international business refers to transactions between individuals.c)Domestic business refers to economic transactions between different countries, while international business refers to transactions within the same country.d)Domestic business refers to economic transactions within the same industry, while international business refers to transactions between different industries.Correct answer is option 'A'. Can you explain this answer?
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What is the difference between domestic and international business?a)Domestic business refers to economic transactions within the same country, while international business refers to transactions between different countries.b)Domestic business refers to economic transactions between companies, while international business refers to transactions between individuals.c)Domestic business refers to economic transactions between different countries, while international business refers to transactions within the same country.d)Domestic business refers to economic transactions within the same industry, while international business refers to transactions between different industries.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the difference between domestic and international business?a)Domestic business refers to economic transactions within the same country, while international business refers to transactions between different countries.b)Domestic business refers to economic transactions between companies, while international business refers to transactions between individuals.c)Domestic business refers to economic transactions between different countries, while international business refers to transactions within the same country.d)Domestic business refers to economic transactions within the same industry, while international business refers to transactions between different industries.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the difference between domestic and international business?a)Domestic business refers to economic transactions within the same country, while international business refers to transactions between different countries.b)Domestic business refers to economic transactions between companies, while international business refers to transactions between individuals.c)Domestic business refers to economic transactions between different countries, while international business refers to transactions within the same country.d)Domestic business refers to economic transactions within the same industry, while international business refers to transactions between different industries.Correct answer is option 'A'. Can you explain this answer?.
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