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Business Studies

Definition and Scope of International Business

trade involve...

Question

trade involves imports and exports of goods and services.

A

International

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B

Internal

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C

Intra

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Solution

The correct option is A International
International trade involves imports and exports of goods and services beyond the geographical limits of a country. It is called trade between the two countries.

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[0.80 marks]

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

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