What is International Business ?
International Business means carrying out businesses beyond national boundaries. The international business includes both International Trade as well as Foreign Direct Investment (FDI).
International Trade can broadly be divided into two parts viz. Export and Import.
Export - The transaction of goods and services (via. sales, barter, gift or grant) from home country to the host country is called Export.
Import - The transaction of goods and services (via. sales, barter, gift or grant) to home country from host country is called Import.