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Details About CBSE Class 11 Commerce Business Studies International Business

Details About CBSE Class 11 Commerce Business Studies International Business

CBSE Class 11 Commerce Business Studies International Business : PDF Format CBSE Class 11 Commerce Business Studies International Business Study material available here. Download and read well.

CBSE ia a trail of developments mark the significant changes that took place over the years in shaping up the Board to its present status. U P Board of High School and Intermediate Education was the first Board set up in 1921. It has under its jurisdiction Rajputana, Central India and Gwalior. In response to the representation made by the Government of United Provinces, the then Government of India suggested to set up a joint Board in 1929 for all the areas which was named as the ‘Board of High School and Intermediate Education, Rajputana’. This included Ajmer, Merwara, Central India and Gwalior.

The Board witnessed rapid growth and expansion at the level of Secondary education resulting in improved quality and standard of education in institutions. But with the advent of State Universities and State Boards in various parts of the country the jurisdiction of the Board was confined only to Ajmer, Bhopal and Vindhya Pradesh later. As a result of this, in 1952, the constitution of the Board was amended wherein its jurisdiction was extended to part-C and Part-D territories and the Board was given its present name ‘Central Board of Secondary Education’.

Details About CBSE Class 11 Commerce Business Studies International Business

CBSE Class 11 Commerce Business Studies International Business : A business study is an academic area of concentration within the business major that is taught at an institution of higher learning. There are many different subject areas within the business sector. Thus, there are several types of business studies. Business studies help train and prepare undergraduates and graduates for careers in the business world. In addition, business studies are among the most popular studies among college students. According to the National Center for Education Statistics, most of the degrees awarded to college graduates are business degrees.

Details About CBSE Class 11 Commerce Business Studies International Business

CBSE Class 11 Commerce Business Studies International Business : International business comprises all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more regions, countries and nations beyond their political boundaries. Usually, private companies undertake transactions for profit; governments undertake them for profit and for political reasons. The term “international business” refers to all those business activities which involve cross-border transactions of goods, services, and resources between two or more nations. Transactions of economic resources include capital, skills, people etc. for the purpose of the international production of physical goods and services such as finance, banking, insurance, construction etc.

A multinational enterprise (MNE) is a company that has a worldwide approach to markets and production or with operations in several countries. Well-known MNEs include fast-food companies such as McDonald’s and Yum Brands, vehicle manufacturers such as General Motors, Ford Motor Company and Toyota, consumer-electronics producers like Samsung, LG and Sony, and energy companies such as ExxonMobil, Shell and BP. As shown, multinational enterprises can make business in different types of market.

Areas of study within this topic include differences in legal systems, political systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local culture, corporate culture, foreign-exchange market, tariffs, import and export regulations, trade agreements, climate, education and many more topics. Each of these factors may require changes in how individual business units operate from 1 country to the next.

Details About CBSE Class 11 Commerce Business Studies International Business

CBSE Class 11 Commerce Business Studies International Business : Download CBSE Class 11 Commerce Business Studies International Business study material in PDF format. We provides solved papers, board question papers, revision notes and NCERT solutions for CBSE Class 11 Commerce Business Studies International Business. The topics included are  Meaning, difference between internal trade and external trade: Meaning and characteristics of international trade, International trade: Advantages and disadvantages of international trade and others. CBSE Class 11 Commerce Business Studies International Business are business following units those are :

Concept includes meaning and features

Unit 10: International Trade

Meaning, difference between internal trade and external trade: Meaning and characteristics of international trade

International trade: Advantages and disadvantages of international trade

Export trade- Meaning, objective and procedure of Export Trade

Import Trade- Meaning, objective and procedure; Meaning and functions of import trade; purpose and procedure.

Documents involved in International Trade; documents involved in export trade, indent, letter of credit, shipping order, shipping bills, mate’s receipt(DA/DP), specimen, importance

World Trade Organization (WTO) meaning and Objectives

Download here CBSE Class 11 Commerce Business Studies International Business- I and  International Business-II

Details About CBSE Class 11 Commerce Business Studies International Business

CBSE Class 11 Commerce Business Studies International Business :  CBSE Class 11 Commerce Business Studies International Business is concerned with firms that do not limit their operations to a single nation. It asks why these firms exist, how they succeed in the complex and changeable international environment, and what their activities mean for the countries in which they do business. CBSE Class 11 Commerce Business Studies International business is generally thought of as commercial transactions that take place in more than one country, or a company that can be found around the world on every continent. A global business works in many different ways, including importing and exporting, licensing agreements and direct investments.

Types of  CBSE Class 11 Commerce Business Studies International Business

The four types of international businesses one can start are as follows: 1. Exporting 2. Licensing 3. Franchising 4. Foreign Direct Investment (FDI).

1. Exporting:

Exporting is often the first choice when manufacturers decide to expand abroad. Simply stating, exporting means selling abroad, either directly to target customers or indirectly by retaining foreign sales agents or/and distributors. Either case, going abroad through exporting has minimal impact on the firm’s human resource management because only a few, if at all, of its employees are expected to be posted abroad.

2. Licensing:

Licensing is another way to expand one’s operations internationally. In case of international licensing, there is an agreement whereby a firm, called licensor, grants a foreign firm the right to use intangible (intellectual) property for a specific period of time, usually in return for a royalty. Licensing of intellectual property such as patents, copyrights, manufacturing processes, or trade names abound across the nations. The Indian basmati (rice) is one such example.

3. Franchising:

Closely related to licensing is franchising. Franchising is an option in which a parent company grants another company/firm the right to do business in a prescribed manner. Franchising differs from licensing in the sense that it usually requires the franchisee to follow much stricter guidelines in running the business than does licensing. Further, licensing tends to be confined to manufacturers, whereas franchising is more popular with service firms such as restaurants, hotels, and rental services.

One does not have to look very far to see how important franchising business is to companies here and abroad. At present, the prominent examples of the franchise agreements in India are Pepsi Food Ltd., Coca-Cola, Wimpy’s Damino, McDonald, and Nirula. In USA, one in 12 business establishments is a franchise.

However, exporting, licensing and franchising make companies get them only so far in international business. Companies aspiring to take full advantage of opportunities offered by foreign markets decide to make a substantial direct investment of their own funds in another country. This is popularly known as Foreign Direct Investment (FDI). Here, by international business means foreign direct investment mainly. Let us discuss some more about foreign direct investment.

4. Foreign Direct Investment (FDI):

Foreign direct investment refers to operations in one country that ire controlled by entities in a foreign country. In a sense, this FDI means building new facilities in other country. In India, a foreign direct investment means acquiring control by more than 74% of the operation. This limit was 50% till the financial year 2001-2002.

There are two forms of direct foreign investment: joint ventures and wholly-owned subsidiaries. A joint venture is defined as “the participation of two or more companies jointly in an enterprise in which each party contributes assets, owns the entity to some degree, and shares risk”. In contrast, a wholly-owned subsidiary is owned 100% by the foreign firm.

An international business is any firm that engages in international trade or investment. International trade refers to export or import of goods or services to customers/consumers in another country. On the other hand, international investment refers to the investment of resources in business activities outside a firm’s home country.

Importing and Exporting Relationship

Companies that import or export materials or finished products are often conducting international business. Some businesses export finished products to consumers around the world. Other companies import finished products to sell to consumers in local markets. Additionally, some businesses import materials and supplies from other countries and then use the materials to produce a finished product. Regardless of how imported and exported materials and products are used, once the transaction is conducted across national borders, it becomes a form of international business.

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