 The differences between domestic and international business are

as follows :

DOMESTIC BUSINESS

1) Domestic business in defined as a type of business where a company or an organization

has it's economic transactions done within the Nation's geography.
2) The seller and buyer lives in the same country. Hence, the trade agreement is based on
the Nation's specific laws and practices.
3) In domestic business, there is the utilization of currency of that particular country only.
4) It costs less amount of money in transportation in comparison to international business.
5) The time duration between the production of goods and sales of good is less as it occurs
within the country's geographical boundary.

INTERNATIONAL BUSINESS

1) International business is defined as a type of business where a company or an

organization has it's economic transactions done beyond a Nation's geographical
boundary.
2) The seller and buyer lives in different countries. Hence, the trade agreement is based on
international laws and practices.
3) In international business, there is the utilization of foreign currencies.
4) The cost of transportation is more than that of domestic business.
5) The duration between the production of goods and sales of goods takes longer time as it
has to occur outside the boundary of one's country or it's geographical boundary.