ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Import
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Export
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I really don’t know the difference between the two.
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None of the above
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Detailed explanation-1: -A product or service that is created in one nation but sold to a buyer in another one is known as an export. Exporters are one of the earliest kinds of economic exchange, and they take place on a huge scale between countries.
Detailed explanation-2: -Foreign trade refers to the exchange of goods and services between different countries. It comprises both imports and exports.
Detailed explanation-3: -Export refers to a product or service produced in one country but sold to a buyer abroad. Exports are one of the oldest forms of economic transfer and occur on a large scale between nations.
Detailed explanation-4: -The correct option is A. Import. The purchase of goods from a foreign country is called import.
Detailed explanation-5: -Establishing an Organisation. Opening a Bank Account. Obtaining Permanent Account Number (PAN) Obtaining Importer-Exporter Code (IEC) Number. Registration cum membership certificate (RCMC) Selection of product. Selection of Markets. Finding Buyers. More items