The types of international business are:
(i) Export Trade
(ii) Import Trade
(iii) Entrepot Trade

A Joint venture is a business agreement wherein parties agree to develop a new entity and assets subscribing to equity shares and thereby exercising control over enterprise and consequently sharing revenues, expenses and the assets.

It connotes a type of international business where a firm enters into a contract with one or a few local manufacturers in foreign countries in order to get certain components of goods produced according to its specifications. It is also called as outsourcing or contract manufacturing.

It connotes a type of international business where a firm enters into a contract with one or few local manufacturers in foreign countries in order to get certain components of goods produced according to its specifications. It is also called as contract manufacturing or outsourcing.

Licensing is a contractual agreement wherein one firm grants access to its plants, trade secrets, or technology to another firm in a foreign country, for a fee called royalty.

Uneven Availability of Factors of Production:
The availability of various factors of production namely, land, labour, capital and technology for producing goods and services differ among different countries.
Cost Benefit :
Production cost varies significantly among the countries due to difference in socio economic, geographical, demographical, technical and political environments prevailing there in.

When the firm of a country imports goods for the purpose of exporting the same goods to the firms of some other country with or without making any change in the goods meant for export it is known as entrepot trade.

When a business firm of a country purchases goods from the firm of another country it is called as Import Trade.

When the firm of a country sells goods and services to a firm of another country it is called as export trade.

International business denotes all those business activities which take place beyond the geographical limits of the country.