Asked by Justin Brady on Jun 19, 2024
Verified
The exporting of products involves:
A) acquiring foreign-made products and selling them in domestic markets.
B) contracting to provide managerial and technical service to a foreign concern.
C) making investments in a foreign operation.
D) selling locally made products in foreign markets.
E) making direct investments in start-up operations abroad.
Foreign Operation
Foreign operation pertains to business activities conducted in a country different from the company's home country, involving adapting strategies to international markets.
Domestic Markets
The market within a country's borders, representing the trading of goods and services within the same nation.
Exporting Products
The act of selling goods and services produced in one country to other countries.
- Understand the basic concepts and significance of international business.
Verified Answer
AM
Allie MoralesJun 25, 2024
Final Answer :
D
Explanation :
Exporting specifically refers to the process of selling locally made products in foreign markets. Choices A, B, C, and E describe other forms of international business activities such as importing, providing services, foreign direct investment, and starting operations abroad, but not exporting.
Learning Objectives
- Understand the basic concepts and significance of international business.