Which of the following terms is used for buying products that are manufactured overseas from overseas markets?
A)outsourcing
B)importing
C)exporting
D)dumping

Question

Quizplus · Accepted Answer

Importing refers to the act of buying products that are manufactured overseas from overseas markets. Outsourcing refers to the act of contracting out certain business activities or operations to another company, often in a different country. Exporting refers to the act of selling products to overseas markets. Dumping refers to the act of selling products in another country at a lower price than in the domestic market, often causing harm to local producers.

Which of the Following Terms Is Used for Buying Products