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International business is broader than international trade because it also covers:
AOnly travel trips
BOverseas production
COnly export sales
DOnly import buys
Answer & Solution
Correct answer: B. Overseas production
1. Trade means exports and imports of goods.
2. Firms also invest and produce abroad.
3. So overseas production is included.
_Source: NCERT Class 11 Business Studies, Chapter 11, International Business._
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