ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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exporting
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importing
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Either A or B
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None of the above
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Detailed explanation-1: -Exportation is the process of selling goods in another country.
Detailed explanation-2: -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-3: -This term “export” is derived from the concept of shipping goods and services out of the port of a country . The seller of such goods and services is referred to as an “exporter” who is based in the country of export whereas the overseas based buyer is referred to as an “importer".
Detailed explanation-4: -The correct option is A. Import. The purchase of goods from a foreign country is called import. Suggest Corrections.
Detailed explanation-5: -Export is defined as an actual shipment or transmission of items out of the United States.