What is the difference between Domestic and International Business?

Domestic business, which can also be referred to as an internal business, is a kind of trade that occurs only within the country. It has a geographical limitation, involving only the wholesaler and the retailer as in-betweens before it reaches the users or consumers. International trade is a business transaction which has to do with import and export trade across two or more countries. Unlike domestic business, the international business extends beyond the geographical limitations of a country. Much is not expected from the domestic goods and services quality compare to the global market.

The foreign company is expected to have a very high-quality standard of goods and services, which can compete globally. Concerning the establishment of domestic business, it requires little capital than that of international business. The currency spent is another difference. The domestic business requires the local currency of the county to perform transactions, but the international business involves the use of more than one currency, whereby changing of currency might also be needed.