• NCERT Solutions
    • NCERT Library
  • RD Sharma
    • RD Sharma Class 12 Solutions
    • RD Sharma Class 11 Solutions Free PDF Download
    • RD Sharma Class 10 Solutions
    • RD Sharma Class 9 Solutions
    • RD Sharma Class 8 Solutions
    • RD Sharma Class 7 Solutions
    • RD Sharma Class 6 Solutions
  • Class 12
    • Class 12 Science
      • NCERT Solutions for Class 12 Maths
      • NCERT Solutions for Class 12 Physics
      • NCERT Solutions for Class 12 Chemistry
      • NCERT Solutions for Class 12 Biology
      • NCERT Solutions for Class 12 Economics
      • NCERT Solutions for Class 12 Computer Science (Python)
      • NCERT Solutions for Class 12 Computer Science (C++)
      • NCERT Solutions for Class 12 English
      • NCERT Solutions for Class 12 Hindi
    • Class 12 Commerce
      • NCERT Solutions for Class 12 Maths
      • NCERT Solutions for Class 12 Business Studies
      • NCERT Solutions for Class 12 Accountancy
      • NCERT Solutions for Class 12 Micro Economics
      • NCERT Solutions for Class 12 Macro Economics
      • NCERT Solutions for Class 12 Entrepreneurship
    • Class 12 Humanities
      • NCERT Solutions for Class 12 History
      • NCERT Solutions for Class 12 Political Science
      • NCERT Solutions for Class 12 Economics
      • NCERT Solutions for Class 12 Sociology
      • NCERT Solutions for Class 12 Psychology
  • Class 11
    • Class 11 Science
      • NCERT Solutions for Class 11 Maths
      • NCERT Solutions for Class 11 Physics
      • NCERT Solutions for Class 11 Chemistry
      • NCERT Solutions for Class 11 Biology
      • NCERT Solutions for Class 11 Economics
      • NCERT Solutions for Class 11 Computer Science (Python)
      • NCERT Solutions for Class 11 English
      • NCERT Solutions for Class 11 Hindi
    • Class 11 Commerce
      • NCERT Solutions for Class 11 Maths
      • NCERT Solutions for Class 11 Business Studies
      • NCERT Solutions for Class 11 Accountancy
      • NCERT Solutions for Class 11 Economics
      • NCERT Solutions for Class 11 Entrepreneurship
    • Class 11 Humanities
      • NCERT Solutions for Class 11 Psychology
      • NCERT Solutions for Class 11 Political Science
      • NCERT Solutions for Class 11 Economics
      • NCERT Solutions for Class 11 Indian Economic Development
  • Class 10
    • NCERT Solutions for Class 10 Maths
    • NCERT Solutions for Class 10 Science
    • NCERT Solutions for Class 10 Social Science
    • NCERT Solutions for Class 10 English
    • NCERT Solutions For Class 10 Hindi Sanchayan
    • NCERT Solutions For Class 10 Hindi Sparsh
    • NCERT Solutions For Class 10 Hindi Kshitiz
    • NCERT Solutions For Class 10 Hindi Kritika
    • NCERT Solutions for Class 10 Sanskrit
    • NCERT Solutions for Class 10 Foundation of Information Technology
  • Class 9
    • NCERT Solutions for Class 9 Maths
    • NCERT Solutions for Class 9 Science
    • NCERT Solutions for Class 9 Social Science
    • NCERT Solutions for Class 9 English
    • NCERT Solutions for Class 9 Hindi
    • NCERT Solutions for Class 9 Sanskrit
    • NCERT Solutions for Class 9 Foundation of IT
  • CBSE Sample Papers
    • Previous Year Question Papers
    • CBSE Topper Answer Sheet
    • CBSE Sample Papers for Class 12
    • CBSE Sample Papers for Class 11
    • CBSE Sample Papers for Class 10
    • Solved CBSE Sample Papers for Class 9 with Solutions 2024-2025
    • CBSE Sample Papers Class 8
    • CBSE Sample Papers Class 7
    • CBSE Sample Papers Class 6
  • Textbook Solutions
    • Lakhmir Singh
    • Lakhmir Singh Class 10 Physics
    • Lakhmir Singh Class 10 Chemistry
    • Lakhmir Singh Class 10 Biology
    • Lakhmir Singh Class 9 Physics
    • Lakhmir Singh Class 9 Chemistry
    • PS Verma and VK Agarwal Biology Class 9 Solutions
    • Lakhmir Singh Science Class 8 Solutions

Learn CBSE

NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12

International Business-I – CBSE Notes for Class 11 Business Studies

January 20, 2024 by Sastry CBSE

International Business-I –  CBSE Notes for Class 11 Business Studies

CBSE NotesCBSE Notes Business StudiesNCERT Solutions Business Studies

Meaning, Need and Problems of International Trade

Quick Review—
-> Concept And Characteristics Of International Trade.
-> Concept
International business refers to buying and selling of goods or services beyond the geographical limits of a country. It is also called trade between two countries.
—> Characteristics of international trade.
1. Based on teritorial specialisation.
2. Intense competition.
3. Separation of buyers and sellers on country basis.
4. Use of matually acceptable currency.
5. Large number of middlemen.
6. Large number of documents.
7. Adherence to international laws.
8. Adherence to local laws.
9. Higher risk.
10. Government control.
—> Types of international trade
1. Export.
2. Import.
3. Entrepot (Re-export).
—> Scope of international business
1. Merchandize exports and imports.
2. Service exports and imports.
3. Licensing and franchising.
4. Foreign investments.
—> Importance of international trade Importance to nation:
1. Earning of foreign exchange.
2. Efficient utilisation.
3. Improving growth prospects and employment potential.
4. Increased standard of living.
—> Importance to firms:
1. Increased capacity utilisation.
2. Prospects for higher profits.
3. Prospects for growth.
4. Way out to intense competition in the domestic market.
5. Improved business vision.
—> Disadvantages of international trade
1. Adverse effect on weak economies
2. Economic dependence
3. Restricted growth of home economy
4. Dumping of goods
5. Misuse of natural resources
6. Political interference
7. Rivalry among countries
8. Cultural invasion
9. Colonialism
—> Problems related to international business
1. Distance barrier.
2. Differences in language.
3. Cultural differences.
4. Economic differences.
5. Trade restrictions.
6. Excessive documents.
7. Political and legal differences.
8. Difference in currency.

Know the Terms—

-> International Trade : Exchange of goods or services across international borders.
-> Foreign exchange: The currency of foreign countries.

Filed Under: CBSE

LearnCBSE.in Student Education Loan
  • Student Nutrition - How Does This Effect Studies
  • Words by Length
  • NEET MCQ
  • Factoring Calculator
  • Rational Numbers
  • CGPA Calculator
  • TOP Universities in India
  • TOP Engineering Colleges in India
  • TOP Pharmacy Colleges in India
  • Coding for Kids
  • Math Riddles for Kids with Answers
  • General Knowledge for Kids
  • General Knowledge
  • Scholarships for Students
  • NSP - National Scholarip Portal
  • Class 12 Maths NCERT Solutions
  • Class 11 Maths NCERT Solutions
  • NCERT Solutions for Class 10 Maths
  • NCERT Solutions for Class 9 Maths
  • NCERT Solutions for Class 8 Maths
  • NCERT Solutions for Class 7 Maths
  • NCERT Solutions for Class 6 Maths
  • NCERT Solutions for Class 6 Science
  • NCERT Solutions for Class 7 Science
  • NCERT Solutions for Class 8 Science
  • NCERT Solutions for Class 9 Science
  • NCERT Solutions for Class 10 Science
  • NCERT Solutions for Class 11 Physics
  • NCERT Solutions for Class 11 Chemistry
  • NCERT Solutions for Class 12 Physics
  • NCERT Solutions for Class 12 Chemistry
  • NCERT Solutions for Class 10 Science Chapter 1
  • NCERT Solutions for Class 10 Science Chapter 2
  • Metals and Nonmetals Class 10
  • carbon and its compounds class 10
  • Periodic Classification of Elements Class 10
  • Life Process Class 10
  • NCERT Solutions for Class 10 Science Chapter 7
  • NCERT Solutions for Class 10 Science Chapter 8
  • NCERT Solutions for Class 10 Science Chapter 9
  • NCERT Solutions for Class 10 Science Chapter 10
  • NCERT Solutions for Class 10 Science Chapter 11
  • NCERT Solutions for Class 10 Science Chapter 12
  • NCERT Solutions for Class 10 Science Chapter 13
  • NCERT Solutions for Class 10 Science Chapter 14
  • NCERT Solutions for Class 10 Science Chapter 15
  • NCERT Solutions for Class 10 Science Chapter 16

Free Resources

RD Sharma Class 12 Solutions RD Sharma Class 11
RD Sharma Class 10 RD Sharma Class 9
RD Sharma Class 8 RD Sharma Class 7
CBSE Previous Year Question Papers Class 12 CBSE Previous Year Question Papers Class 10
NCERT Books Maths Formulas
CBSE Sample Papers Vedic Maths
NCERT Library

NCERT Solutions

NCERT Solutions for Class 10
NCERT Solutions for Class 9
NCERT Solutions for Class 8
NCERT Solutions for Class 7
NCERT Solutions for Class 6
NCERT Solutions for Class 5
NCERT Solutions for Class 4
NCERT Solutions for Class 3
NCERT Solutions for Class 2
NCERT Solutions for Class 1

Quick Resources

English Grammar Hindi Grammar
Textbook Solutions Maths NCERT Solutions
Science NCERT Solutions Social Science NCERT Solutions
English Solutions Hindi NCERT Solutions
NCERT Exemplar Problems Engineering Entrance Exams
Like us on Facebook Follow us on Twitter
Watch Youtube Videos NCERT Solutions App