Difference between Domestic and International market

There are some difference between Domestic and International business. In the era of currency, interest rate, inflation, taxation, system, government regulations, language, socio political economic barriers.

            In the matter of payment, a buyer of foreign goods must pay for them in a currency different from his country. And that which he can comment into his own country's. 

Example: An Indian importer of American goods need to make payments in dollars as and not Rs. Once commodity cross across the border becomes subject to different set of laws. Therefore, In business managerial process need not be altered and refined with respect to different environmental variables for change. 

Domestic Market and International Market 

(i) Single market and sub market

 (i) Multiple market

((ii) Awarness for market is high therefore one can task into the market without any marketing research. 

(ii) Imperative

(iii) The control is over single set up. Therefore, administration is relatively very busy. (iii) Multiple mixed market vary demanding a new setup of administrative machineries.

(iv) Decision is taken solely on the basis of providing better service agencies increased revenue.

(iv) Although the decision base are acceptability becomes a big question.

(v) Product quality can be placed anywhere on the market.

(v) Product quality normally is very high even of the technology his poor.