Question

An American firm Zen enterprise purchased handmade decorative pieces from India Re packaged and sold them in its own name to Germany the above transaction represents *

import for Zen Enterprise, entrepot for India and export for Germany

export for Zen Enterprise import for India and entrepot for Germany

Entrepot for Zen Enterprise, export for India and import for Germany

none of the above​

Answer 1

The answer is option C. C) Entrepot for Zen Enterprise, Export for India, and Import for Germany.

• Entrepot is described as a centre, port or city where goods or merchandise are imported and stored which is usually for the purpose of being sold and exported again.

• This is exactly the situation with the firm Zen Enterprise which bought from India(exporting country) and sold to Germany(importing country).