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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What details the kinds of products that are traded in specific countries and how well certain products do in different marketplaces?
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SITC
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IBX
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -What Is an Import? An import is a good or service bought in one country that was produced in another. Imports and exports are the components of international trade.
Detailed explanation-2: -Imports are any resources, goods, or services that producers in one country sell to buyers in another country.
Detailed explanation-3: -Global trade enables local traders, artisans, and producers to sell their products in the international market. Also, the consumers get a wide range of local and imported goods and services. However, international trade has made nations dependent upon one another for raw materials and certain commodities.
Detailed explanation-4: -International Trade: Commerce among Nations.
There is 1 question to complete.