GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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foreign goods and services are shipped into another country and received by the consumer without going through a middle man
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foreign goods and services are shipped into another country and received by a distributor, then sold to the consumer
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goods or services brought into one country from another
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authority of one or more member countries is significantly reduced and a common, united government is put in place
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monetary and fiscal policies between member countries are coordinated by political integration
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Detailed explanation-1: -International trade is any legal exchange of goods and services between countries. When a business in one country exports goods or services to consumers in another country, it is called international trade.
Detailed explanation-2: -What Is an Export? Exports are goods and services that are produced in one country and sold to buyers in another.
Detailed explanation-3: -Exports are goods and services that are produced domestically, but then sold to customers residing in other countries. Exports lead to an inflow of funds to the seller’s country since export transactions involve selling domestic goods and services to foreign buyers.
Detailed explanation-4: -Exporting refers to the selling of goods and services from the home country to a foreign nation. Whereas, importing refers to the purchase of foreign products and bringing them into one’s home country. Further, it is divided in two ways, which are, Direct. Indirect.