International business has recently grown at such a rapid pace because of

A. stricter government policies on cross-border movements

B. development of institutions to support and facilitate trade

C. decreasing global competition

D. companies increased concerns with terrorism

Answer: Option B

Solution(By Examveda Team)

International business has recently grown at such a rapid pace because of development of institutions to support and facilitate trade. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational level. It involves cross-border transactions of goods and services between two or more countries.