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3 difference between international business and domestic business

Dear student,

The differences between Domestic and International business are:
 
Basis of comparison International business Domestic business
Meaning International business is one which is engaged in economic transaction with several countries in the world. A business is said to be domestic, when its economic transactions are conducted within the geographical boundaries of the country.
  
    
Area of occupation All over world Within a country
Mobility of factors  Restricted  free



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International business : 1. Difference is customs, cultural factor.
                                      2. High volume cost advantage.
                                      3. Global standardization.

Domestic business  ;     1. No such changes are necessary.
                                      2. No such experience or exposure.
                                      3. Cost advantage by automation.
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