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Business Studies

Internal Trade

The purchase ...

Question

The purchase of goods from a foreign country is called___ .

A

Entreport

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B

Import

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C

Re-Export

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D

Export

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Solution

The correct option is B
Import

The purchase of goods from a foreign country is called import.

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Similar questions

Mention the type of trade which involves importing goods from a country to export these to other countries.

Q. Exporting refers to sending goods from domestic country to foreign country.

Exporting is not a feasible option when import restrictions exist in a foreign country.

Q. A country can make its exports to foreign countries cheaper with which of the following methods?
[Pick up the correct statement(s).]
A. Reducing their domestic prices
B. Reducing the foreign exchange rate on its money (devaluing currency)
C. Putting a ban on import of foreign goods

Q. Select the proper option from the options given below and rewrite the sentences.

Selling of products to a foreign country directly through its distribution arrangements or through a host (another) country's company is ________.

(a) Direct Exporting
(b) Indirect Exporting
(c) Importing

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