Question

Exporting/importing is the most preferred way for business firms when they are getting initially involved with international business.

• A. True
• B. False

Answer 1

The correct option is A True

An import in the receiving country is an export from the sending country.Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited byimport quotas and mandates from the customs authority.