FBLA International Business Practice Test 2025 – Complete Exam Prep

The term that accurately describes making, buying, and selling goods and services within a single country is "domestic business." This concept focuses on transactions and economic activities that occur within the borders of a specific nation, involving local consumers and businesses. Domestic business encompasses various sectors and industries as they operate independently from international markets or foreign entities.

In contrast, other terms in the choices relate to broader global contexts. For instance, international business involves transactions that cross national borders, while foreign trade specifically refers to the exchange of goods and services between different countries. Global dependency speaks to the interconnected nature of countries in trade but does not specifically describe domestic activities. Understanding domestic business is fundamental as it serves as a basis for a country's economy and entails regulations, supply chains, and local market dynamics relevant to that nation alone.