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Contrast between International Business and Domestic Business - International Business | International Business - B Com PDF Download

What is a Domestic Business?

  • Domestic business refers to economic transactions between companies or individuals within the same country. 
  • This type of business is also known as internal business or home trade. Conducting business research and making sales within one's own country is generally easier and less risky than working with foreign companies or individuals. 
  • This is because there are typically fewer cultural differences to overcome, and national laws and regulations are more uniform. 


What is an International Business?

  • International business refers to the economic transactions that take place between two or more countries. 
  • The companies involved in international business are known as multinational or transnational companies. 
  • Conducting business research on international business firms is much more difficult than researching on domestic companies. 
  • This is because the selling process, currency, type of customers, taxation laws and other regulations are different in every country. 
  • Furthermore, the degree of risk is also higher in international business.

Differences between Domestic and International Business

Contrast between International Business and Domestic Business - International Business | International Business - B Com

The document Contrast between International Business and Domestic Business - International Business | International Business - B Com is a part of the B Com Course International Business.
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