_________ is concerned with importing of goods, and then selling the same to another country
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ANSWER: Import
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Export is concerned with importing/sourcing of goods, and then selling the same to another country.
- The sale of commodities and services sourced or manufactured in the home country to foreign countries is known as exporting.
- Importing is the polar opposite of exporting.
- Importing is the process of buying goods and services from other countries and bringing them back to one's own.
- Importing is also known as global sourcing.
- The practice of acquiring goods and services from the global market beyond geopolitical boundaries is known as global sourcing.
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