BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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buying goods from another country
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selling goods to another country
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only making one kind of product
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Detailed explanation-1: -Definitions of exportation. the commercial activity of selling and shipping goods to a foreign country. synonyms: exporting. type of: commerce, commercialism, mercantilism. transactions (sales and purchases) having the objective of supplying commodities (goods and services)
Detailed explanation-2: -The correct option is B international trade. 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-3: -In economics, exporting is the practice of producing a good or service in one country and selling it to consumers in another country.
Detailed explanation-4: -Exports of goods and services consist of transactions in goods and services (sales, barter, and gifts) from residents to non-residents. Exports of goods occur when economic ownership of goods changes between residents and non-residents.
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.