1.

Explain the scope of international business.

Answer»

The scope of international business is quite wide. It includes not only exports and, imports of goods abut also exports and imports of services. It includes even licensing franchising and foreign.investment.

The various activities which constitute the scope of international business are:

1. Exports and imports of merchandise 

2. Exports and imports of services 

3. Licensing and franchising 4. Foreign investments.



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