Business Administration 2257 Study Guide - Final Guide: International Trade

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Document Summary

A domestic transaction is the selling of items produced in the same country. An international transaction is the selling of items produced in other countries. Access to resources that may not be available at home. The five ps of international business: product-a country"s resources determine what goods and services it can produce, price-the cost of producing a particular good or service varies from one country to another. Others spend comparatively small amounts of money to set up websites that can be accessed from anywhere.