The terms international business (IB) and global business are synonymous.

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While both terms refer to business activities that cross national borders, international business typically refers to business activities on a smaller scale, such as exporting or importing products, while global business refers to larger scale activities, such as establishing and managing operations in multiple countries. While both terms involve business operations that extend beyond national borders, international business typically refers to business activities that involve multiple countries but are focused on specific regions or countries, while global business involves operations that span the entire world.

The Terms International Business (IB) and Global Business Are Synonymous