The purchase of products from a foreign source is called
A) exporting.
B) dumping.
C) importing.
D) licensing.
E) venturing.

Question

Quizplus · Accepted Answer

The purchase of products from a foreign source is called importing. Exporting refers to selling products to a foreign market, dumping is selling products at a lower price than in the domestic market to eliminate competition, licensing is allowing the use of a company's intellectual property by a foreign entity, and venturing is entering into a business partnership with a foreign company.

The Purchase of Products from a Foreign Source Is Called