What is international business? How is it different from domestic business?

Explanation

International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational level. It involves cross-border transactions of goods and services between two or more countries.



The main difference between Domestic Business and International Business is that Domestic Business is the trade which takes place within the geographical boundaries of the country, whereas International Business is the trade which occurs between two countries internationally.