ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
EXPORTING AND IMPORTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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what does exporting mean?
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A form of trade in an international market
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The shipment of national merchandise for use or consumption abroad.
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a way to obey international laws and trade agreements
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None of the above
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Explanation:
Detailed explanation-1: -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-2: -● Merchandise exports are goods leaving the statistical. territory of a country. ● Merchandise imports are goods that add to a country’s. stock of material resources by entering its statistical territory.
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: -Road, sea, rail and air are four ways of import and export.
There is 1 question to complete.