BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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domestic brand
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global business
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domestic business
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domesticated feline
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Detailed explanation-1: -A national business is a company that operates in a particular country and provides goods or services to its domestic market.
Detailed explanation-2: -Domestic firms operate mostly or completely within the United States. They may import supplies or export products, but these activities normally represent a comparatively small share of total business activity. Domestic companies are typically governed by US securities laws.
Detailed explanation-3: -Domestic business involves those economic transactions that take place within the geographical boundaries of a country. International business involves those economic transactions that take place outside the geographical boundaries of a country.
Detailed explanation-4: -For example, a corporation incorporated and operating in the United States would be considered a domestic corporation in the U.S. but a foreign corporation elsewhere.
Detailed explanation-5: -The term international business refers to any business that operates across international borders. At its most basic, it includes the sale of goods and services between countries.