Q131
International business has recently grown at such a rapid pace because of
A.
stricter government policies on cross-border movements
B.
development of institutions to support and facilitate trade
AnswerC.
decreasing global competition
D.
companies increased concerns with terrorism
Answer: Option B
Solution
Answer: Option B
Solution:
International business has recently grown at such a rapid pace because of development of institutions to support and facilitate trade. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational level. It involves cross-border transactions of goods and services between two or more countries.