answersLogoWhite

0

Import and export has been an integral part of our lives for a very long time. Even before the United States was in existence, Europe was implementing the import and export of goods between them and other countries, which eventually led to the early stages of global sourcing and multinational purchasing on a smaller scale.

Global sourcing in import and export practices is just as important as the multinational purchasing that comes with it. Without global sourcing, multinational purchasing would not be possible since global sourcing involves the identifying of alternate supplier choices and taking advantage of the different kinds of talent that are out there on the market.

Multinational purchasing, on the other hand, entails that products are acquired from various international import and export practices(from 'news.bytrade.com/lists/4-Help.htm'). One company may have import and export agreements with several different international corporations in order to assemble products that will be distributed to consumers of other business. This makes import and export practices as a result of multinational purchasing an integral part of a global economy.

User Avatar

Wiki User

15y ago

What else can I help you with?