International Business is all commercial Transaction Between two or more countries private companies undertake such transaction these transaction includes sales investment transportation Etc There are some Different character of international business 1. Separation of producer from buyer. 2.Payment In foreign Currency 3.Application of intentional laws 4. Large number of middlemen . 5. competition 6. Greter Risk. 7. comparative Cost 8. Territorial Specialization 9.Reciprocal assistant 10. Domination and control of the govt. 11. Use of various documents. Read more: http://wiki.answers.com/Q/What_is_the_characteristics_of_international_business#ixzz26re1wzSS