International Business VS. Domestic Business

International Business

Trade that takes place between two countries internationally.

Domestic Business

Trade that takes place within geographical boundaries

Many Restrictions

Few Restrictions

Huge Capital Investments

Less Capital Investment

Single Currency

Customers are heterogeneous

Multiple Currencies

Customers are homogeneous

China

Main language: Mandarin

USA

Main language: English

Price is accepted as is

Price is negotiated

Constitutional Federal Repbulic

Communist Party-led State

Elders are treated as another member of the family. (Culture)

Elders are treated with the highest amount of respect and dignity. (Culture)

Social Media is not checked as much. (WeChat is their Facebook to us)

Social Media is used more and not the same main site (Facebook).

Collectivism or group focus is more important in this culture.

Individualism or peoples own personal goals are more important than ones of a whole group.