The process of purchasing goods from a foreign supplier and shipping them to the firm's home country is known as:

Question

Quizplus · Accepted Answer

The process of purchasing goods from a foreign supplier and bringing them to the firm's home country is known as importing. Foreign exchange refers to the conversion of one currency into another currency, while exporting refers to the process of sending goods from one country to another. Therefore, the correct answer is C.

The Process of Purchasing Goods from a Foreign Supplier and Shipping