ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -True. An export is a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade.
Detailed explanation-2: -An import is a good or service bought in one country that was produced in another.
Detailed explanation-3: -In global trade, exporting is the process by which companies from one country sell their goods and services to companies or consumers in a different country.
Detailed explanation-4: -Export is defined as an actual shipment or transmission of items out of the United States.
Detailed explanation-5: -The correct option is C. Entrepot. Answer: c) Entrepot. When the goods are imported from one country with the purpose of exporting it to another country, then such type of trade is called entrepot trade.