The process of buying foreign products for sale in domestic markets is called __________.

Question

Quizplus · Accepted Answer

Importing is the process of bringing in foreign products for sale in domestic markets. Insourcing refers to the delegation of a task to an internal department or provider. Exporting is the process of selling domestic products in foreign markets. Franchising is a business model where a company grants the right to use its trademark and business processes to a third party.

The Process of Buying Foreign Products for Sale in Domestic