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The term "International Business" usually refers to: A
The term "International Business" usually refers to:
A. the outsourcing of goods and services from lower cost locations to open new markets,
B. the import of goods from anywhere in the world that crosses the borders of two or more nations,
C. the export of goods and services sold abroad and sent out of the country,
D. any commercial transaction that crosses the borders of two or more nations,
E. the purchase of foreign assets abroad.
Expert Solution
The correct option is: D. any commercial transaction that crosses the borders of two or more nations
Explanation:
International business is defined as an exchange of products, amenities, capital, knowledge, and technology beyond the borders of the nation or on a global transactional scale. International trade involves the trade of two countries. It is also recognized as globalization.
Hence, the correct option is: D. any commercial transaction that crosses the borders of two or more nations.
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