Which of the following best defines international business?
A)It includes all economic flows between two or more countries.
B)It includes all private economic flows between two or more countries.
C)It includes all business transactions involving two or more countries.
D)It includes all business transactions in countries other than your home country.

Question

Quizplus · Accepted Answer

International business refers to all business transactions that involve two or more countries. It includes activities such as trade, investment, and exchange of goods and services between countries. Option A is too broad as it includes non-business economic flows such as foreign aid or remittances. Option B is too narrow as it excludes government-to-government transactions and other non-private economic activities. Option D is incomplete as it does not specify whether the transactions involve two or more countries.

Which of the Following Best Defines International Business