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Business Studies

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Which kind of...

Question

Which kind of business involves manufacturing and trade beyond the boundaries of one's own country?

A

Internal Trade

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B

International Business

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C

Trade

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D

All of the above

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Solution

The correct option is B
International Business

International business refers to the buying and selling of goods or services beyond the geographical limits of a country.

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Q. trade involves buying and selling of goods within the boundaries of the nation.

Q. Name the following:
(a) The economic activity showing a risk element and carried on profit.
(b) The trade in which two countries are involved.
(c) The trade in which goods are imported from one country for the purpose of exporting to other country.
(d) The industry which involves breeding and reproduction of plants and animals.
(e) The branch of commerce which remove hindrance of place.

Mention the type of trade which involves importing goods from a country to export these to other countries.

Q. Choose the correct option concerning the given Assertion (A) and Reason (R).

A: Trade is not a service activity.

R: Trade involves the manufacturing of goods.

Q. Selling and buying of goods and services only within the boundary of a country is called Trade.

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