Asked by Morgan Young on May 10, 2024
Verified
The importing of products involves ___.
A) buying foreign-made products and selling them in domestic markets
B) contracting to provide managerial and technical service to a foreign concern
C) selling locally-made products in foreign markets
D) making a direct investment in a foreign operation
E) making products and selling them in local or domestic markets
Importing
The process of buying goods or services from foreign countries for sale or use in one's own country.
- Outline the distinctions between several international business mechanisms, including exporting, importing, licensing, franchising, and direct investments.
Verified Answer
VH
Vanessa HowardMay 10, 2024
Final Answer :
A
Explanation :
Importing involves buying foreign-made products and selling them in domestic markets.
Learning Objectives
- Outline the distinctions between several international business mechanisms, including exporting, importing, licensing, franchising, and direct investments.