CBSE Revision Notes For Class 11 Business Studies Chapter 11 International Business I

International business – I refers to the exchange of goods and services that functions between the countries. This chapter covers the most significant concepts – meaning of international business, reason for international business, international business vs domestic business, scope of international business – merchandise exports and imports, service exports and imports, licencing and franchising, foreign investments, tourism and transportation, business services, benefits of international business – benefits to nations, benefits to firms, modes of entry into international business, exporting and importing, contract manufacturing – merits and demerits, joint ventures, wholly-owned subsidiaries, India’s involvement in world business – India’s foreign trade in goods, India’s trade in services.

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Frequently Asked Questions on CBSE Class 11 Revision Notes for Business Studies Chapter 11 International Business I

What is International Business?

International Business is a venture made by a businessman in a country other than his nation. To conduct trading, manufacturing, franchising etc., in a foreign country is referred to as an international business.

Why is the CBSE Class 11 Business Studies Revision notes vital to learn about International Business?

Using the CBSE Revision Notes for Class 11 Business Studies, students can learn about the concepts in a shorter period. It will also help recall the concepts with the help of the online and offline study materials.

What are the issues faced in International Business?

In International business, companies with no proper experience take part in it, which causes few issues. It restricts what items can be purchased or sold in a few areas. The usage of currency available in other countries will make the business smooth.

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