ENTREPRENEURSHIP

ENTREPRENEURSHIP AND THE GLOBAL ECONOMY

GLOBALIZATION AND ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Exporting is the business activity in which goods and services are sent from a country and sold to foreign consumers
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Goods and services produced in one country but supplied to buyers in another are known as exports. International trade is made up of exports and imports. Exports are critical to market democracies because they provide people and businesses with access to a larger market for their products.

Detailed explanation-2: -Exporting is when you produce a good or service in your home country and sell it to customers or other businesses in another country.

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: -Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. Importing is the flipside of exporting. Importing refers to buying goods and services from foreign sources and bringing them back into the home country.

Detailed explanation-5: -Direct exporting is the practice of selling your products directly to a customer in a foreign country, rather than going through a third-party distributor. With direct exports, you complete a transaction with a buyer, then ship their purchase directly to them.

There is 1 question to complete.