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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A form of trade in an international market
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Satisfy the demand needs of diferent products
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The legal entry of merchandise fromanother country
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None of the above
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Detailed explanation-1: -● Merchandise imports are goods that add to a country’s. stock of material resources by entering its statistical territory. ● The statistical territory of a country coincides with its. economic territory in the general trade system.
Detailed explanation-2: -The word ‘importation’ commonly refers to the bringing of goods into a customs territoryEN•••.
Detailed explanation-3: -Importing country means the name of the WTO member, of the developing country or of the least-developed country to which the pharmaceutical product is to be exported; Sample 1.
Detailed explanation-4: -In the case of merchandise imports, the tangible commodities are bringing back to the home country. Example: For instance, Singapore sells its goods to Sweden; that means Singapore exports its commodities. In contrast, those commodities would be considered as imported commodities in the case of Sweden.