BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Exporting
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Importing
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Detailed explanation-1: -Exports are goods and services that are produced in one country and sold to buyers in another. Exports, along with imports, make up international trade.
Detailed explanation-2: -Exportation is the process of selling goods in another country.
Detailed explanation-3: -The process of buying or selling goods is called trade. There are two types of trade: International trade and Domestic trade. The puchase or sale of goods across borders is called International trade.
Detailed explanation-4: -Export is defined as an actual shipment or transmission of items out of the United States. This includes standard physical movement of items across the border by truck, car, plane, rail, or hand-carry.
Detailed explanation-5: -Goods and services produced in one country but supplied to buyers in another are known as exports. International trade is made up of exports and imports. Exports: An Overview. Exports are critical to market democracies because they provide people and businesses with access to a larger market for their products.