Q.Exchange of goods and services alone among the countries is called as:

International business covers all commercial activities — trade in goods and services, investment, licensing, franchising, joint ventures, and setting up production facilities — that are carried out across the boundaries of two or more countries. It is a wider idea than international trade, which refers only to the cross-border buying and selling of goods and services. Because no country is self-sufficient in every resource, skill, or piece of technology it needs, virtually ever …