International trade provides businesses with access to new customers for their products through:
A) onshoring and protectionism.
B) exporting and licensing.
C) embargoes and importing.
D) outsourcing and importing.

Question

​International trade provides businesses with access to new customers for their products through:
A) ​onshoring and protectionism.
B) ​exporting and licensing.
C) ​embargoes and importing.
D) ​outsourcing and importing.

Quizplus · Accepted Answer

International trade allows businesses to reach new customers through exporting their products to other countries and licensing their products to be sold by partners in different markets. Onshoring and protectionism refer to keeping production and jobs within a country and limiting competition from foreign goods respectively. Embargoes and outsourcing are not relevant to the context of accessing new customers through international trade.

​International Trade Provides Businesses with Access to New Customers for Their

International Trade Provides Businesses with Access to New Customers for Their