BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All of the choices
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Business transactions necessary for trade within a country
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Refers to barter system of goods
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Business transactions necessary for trade b/w borders
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Detailed explanation-1: -An international business transaction is any type of deal between parties from at least two different countries. These transactions include sales, leases, licenses, and investments; the parties to international business deals include individuals, small and large multinational corporations, and even countries.
Detailed explanation-2: -International trade is the purchase and sale of goods and services by companies in different countries. Consumer goods, raw materials, food, and machinery all are bought and sold in the international marketplace.
Detailed explanation-3: -International trade compliance: Whenever a business transaction crosses borders, it invokes the national security and economic interests of the respective countries. This area of business law spans the navigation of imports, exports and sanctions.