India is purchasing crude oil from Iraq and after refining it into petroleum, started selling it in China. Identify what kind of International Business India is engaged in. If India doesn't sell the petroleum to China, then what type of International Business India is engaged in.
Answers
Answered by
1
In the above situation , india is engaged in Import and Export i.e. India imports Crude oil from Iraq and exports Petroleum to China . If India stopped selling Petroleum to China , then India will be engaged in Import only because they wont be exporting it to China .
Similar questions