International Business – a system of transactions conducted between businesses located in different countries
Domestic Business – A business that makes most of its transactions within the border of the country in which it is based. (i.e. owned by Canadians, relies primarily on products & services made in Canada, and sells to Canadians).
Domestic Market –The customers of a business who live in the country where the business operates.
Foreign Market – The customers of a business who live in a different country than the one where the business operates.
2. Why is it difficult to be a totally domestic business?
Most businesses are either owned by a foreign company or use markets and/or suppliers in other countries.
3. Consider the businesses listed below. List a reason how the business might be domestic and a reason it may not be domestic.
8. Outline Canada's trade relationship/history with:
- Middle East
10. Hand in your response before you leave today.....Explain, using factual examples, why Canada is a trading nation.