International Business — Chapter Summary
CBSE · Class 11 · Business Studies
Summary of International Business for CBSE Class 11 Business Studies. Part of the CBSE Class 11 Business Studies syllabus.
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Overview
International business refers to business activities that take place across national frontiers. It is a broader term than international trade because it includes not only exports and imports of goods and services, but also foreign investment and overseas production. The chapter explains why nations
Key Concepts
Manufacturing and trade beyond the boundaries
Manufacturing and trade beyond the boundaries of one’s own country is known as international business. It includes movement of goods, services, capita
Domestic business takes place within
Domestic business takes place within the geographical boundaries of a nation, while international business involves buyers, sellers and stakeholders f
International business includes merchandise exports
International business includes merchandise exports and imports, service exports and imports, licensing, franchising, foreign investment, contract man
Merchandise means tangible goods that can
Merchandise means tangible goods that can be seen and touched. Merchandise exports and imports are trade in goods and exclude services.
Service exports and imports are trade
Service exports and imports are trade in intangibles. Since services cannot be seen or touched, this trade is called invisible trade.
Learning Objectives
- State the meaning of international business
- Distinguish between domestic and international business
- Discuss the scope of international business
- Enumerate the benefits of international business
- Discuss the documents required for import and export transactions
Frequently Asked Questions
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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