The importing of products involves:
A) selling locally made products in foreign markets.
B) making investments in a foreign operation.
C) contracting to provide managerial and technical service to a foreign concern.
D) making direct investments in start-up operations abroad.
E) acquiring foreign-made products and selling them in domestic markets.

Question

Quizplus · Accepted Answer

Importing involves acquiring products made in foreign countries and selling them in one's own domestic market. Choices A, B, C, and D describe exporting, foreign investment, and international services, not importing.

The Importing of Products Involves