ENTREPRENEURSHIP

ENTREPRENEURIAL OPPORTUNITIES

COMPETITIVE ANALYSIS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Importing is a business activity in which goods and services enter a country from foreign suppliers.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -What Is an Import? An import is a good or service bought in one country that was produced in another. Imports and exports are the components of international trade. If the value of a country’s imports exceeds the value of its exports, the country has a negative balance of trade, also known as a trade deficit.

Detailed explanation-2: -Exporting refers to the selling of goods and services from the home country to a foreign nation. Whereas, importing refers to the purchase of foreign products and bringing them into one’s home country.

Detailed explanation-3: -Importing is the buying goods and services from foreign sources and bringing them back into the home country. Importing is also known as global sourcing.

There is 1 question to complete.