Question

difference between domestic business and international business

Answer 1

next point you can put goods

Answer 2

Answer:

Domestic Business

Meaning: Domestic Business refers to business transactions within the geographical boundaries of a country.

Participants in Business: People/ organisations within the country can participate in business activities.

Scope of Market: The scope of market is limited to national boundaries of a country.

Currency used: Currency of domestic country is used.

Mode of Transport: Goods are transported by roadways or railways.

Nature of Consumer: Consumers are relatively homogenous in nature.

International Business

Meaning: International Business refers to business transactions beyond the geographical boundaries of a country.

Participants in Business: People/ organisations outside the country  can participate in business activities.

Scope of Market: The scope of market is very wide and extends beyond the boundaries of a country.

Currency used: Currencies of foreign countries are used.

Mode of Transport: Goods are transported by airways or waterways.

Nature of Consumer: Consumers are relatively heterogeneous in nature.