Importing can be described as the
A) "flip side" of exporting.
B) sale of products produced in the home country to customers in another country.
C) purchase of the right to manufacture and sell a firm's product in overseas markets.
D) authorized use of intellectual property.

Question

Quizplus · Accepted Answer

Importing is the opposite of exporting. Importing refers to the purchase of goods or services from a foreign country to be brought into the home country. Therefore, option A is the correct choice. The other options don't accurately describe importing. B refers to exporting, C refers to licensing, and D refers to franchising or licensing.

Importing Can Be Described as the