CBSE Class 11 Business Studies Chapter 11

International Business Class 11 Revision Notes

In the international business class 11 notes, we will begin by explaining the meaning of international business. Furthermore, we will state as to why international business takes place and how does it differ from domestic business. Also, we will describe the scope of international business and its benefits to the nation and business firms.

Moreover, we will identify and evaluate various modes of entry into international business. Then, we will analyze trends in India’s involvement in international business.

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Sub-topics under International Business:

Introduction to International Business and its Benefits: In this Sub-topic, we will study the meaning of International Business, the reasons behind it and also its Benefits.
Contract Manufacturing, Licensing, and Franchising: Here, we will understand the meaning, the limitations of the terms Contract Manufacturing, Licensing and Franchising respectively.
Importing and Exporting: Here, we will study the terms Importing and Exporting. Also, we will gain knowledge of India’s Exports and Imports and Commodity Composition of India’s Exports, etc.
India’s Involvement in World Business: In this Sub-topic, we will study India’s Involvement in World Business. Hence, we will study India’s trade in goods, services, and involvement in Foreign Investments.
Joint Ventures and Wholly Owned Subsidiaries: Here, we will study the meaning, advantages, and Limitations of Joint Ventures and Wholly Owned Subsidiaries.
Export Procedures and Documentation: In this Sub-topic, we will study the procedures of export and Documentation in respect of the same.
Imports Procedures and Documentation: In this Sub-topic, we will study the procedures of import and Documentation in respect of the same.
Foreign Trade Promotions: Incentives and Organisational Support: In this Sub-topic, we will learn Foreign Trade Promotions: Incentives and Organisational Support.
International Monetary Fund (IMF) and the World Trade Organisation (WTO): Here, we will study International organizations IMF and WTO to ensure a sound system of global trade and payments.
International Trade Institutions and Trade Agreements: Here, we will study International Trade Institutions and Trade Agreements.