Question

What is exporting?

a. Countertrade
b. The barter of products for products, often used in developing nations
c. Items produced in the home country for sale in foreign markets
d. All of these
e. None of these

Answer 1

Exporting refers to selling goods or services produced in a home country to foreign markets. It is an important component of international trade and allows businesses to expand their reach and access new customers.

Step-by-step explanation:

Exporting refers to the process of selling goods or services produced in a home country to foreign markets. It is an important component of international trade and allows businesses to expand their reach and access new customers. Exporting can be done through various methods, such as direct sales to foreign customers or through intermediaries like distributors or agents. It is a key strategy for economic growth and can benefit both the exporting country and the importing country.