Explain the Differences Between International Trade and International Business

question 53

Essay

Explain the differences between international trade and international business.How does the United States typically participate in international business?

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Definitions:

Marketing Channel

A set of practices or activities necessary to transfer the ownership of goods, and to move goods from the point of production to the point of consumption.

Farmer's Market

A public marketplace where local farmers and artisans sell their produce, goods, and crafts directly to consumers.

Retailer

A business entity that sells goods or services directly to end consumers.

Intermediaries

Individuals or businesses that act as a middleman in the distribution chain between producers and consumers, such as wholesalers or agents.