Quizlt Which of the following describes international business? Group of answer choices

Firms collaborating with domestic entrants

Firms engaging in business abroad

Firms selling their businesses completely to foreign companies

Firms belonging to and doing business in emerging economies

Firms engaging in business abroad

Explanation:

All cross-border transactions that includes purchase movement of goods, services, ideas and people is termed as international business.

Firms that carry out operations in other countries other than their home country are undertaking international business.

International business can also be carried in the form of collaborating with a foreign firm.