Question

Differentiate between international trade and international business.

Answer 1

$\begin{array}{ccc}\text{S.N.}& \text{International}& \text{International Business}\\ & \text{Trade}& \\ \text{(i)}& \text{International trade}& \text{Business transactions that}\\ & \text{means movements of}& \text{takes place between two or}\\ & \text{goods only.}& \text{more countries is known as}\\ & & \text{international business}.\\ & & \\ \text{(ii)}& \text{It involves only the}& \text{It involves not only the}\\ & \text{movements of goods}& \text{international movements}\\ & \text{and international}& \text{of goods and services, but}\\ & \text{currency is used for}& \text{also capital, personnel,}\\ & \text{dealing.}& \text{technology and intellectual}\\ & & \text{property like trademarks of}\\ & & \text{patents.}\\ & & \\ \text{(iii)}& \text{International trade is}& \text{International business is}\\ & \text{a narrow term.}& \text{much broader than}\\ & & \text{international trade.}\end{array}$