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What do you call a product sent to another country and sold?
A product sent to another country and sold is called an "export." Exports are goods or services produced in one country and sold to buyers in another, contributing to the exporting country's economy. The process often involves international trade regulations and tariffs.
What is local trade?
local trade is the type of trade which done inside the country .
What is to send goods to other countries for sale or trade?
To send goods to other countries for sale or trade is known as exporting. This process involves producing goods domestically and then shipping them to foreign markets, where they can be sold or exchanged. Exporting plays a crucial role in international trade, contributing to economic growth and allowing businesses to reach broader markets. It often requires compliance with various regulations, tariffs, and logistics considerations.
Advantages of diversification of trade?
Diversification of trade offers several advantages, including reduced risk, as it minimizes dependence on a single market or product, thereby cushioning against economic downturns. It also allows businesses to tap into new markets and customer segments, potentially increasing revenue streams. Additionally, diversification can enhance competitiveness by fostering innovation and improving resilience against market fluctuations. Overall, it promotes sustainable growth and stability in a dynamic global economy.
What are different types of franchising?
A few types of franchising are trade name franchise, pure franchise, and a product distribution franchise.
What are euro currency markets?
Eurocurrency markets refer to the global financial markets where currencies are deposited and traded outside their country of origin, often in the form of eurocurrency, which is any currency held in banks outside its home country. These markets facilitate international trade and investment by allowing for easier access to foreign currencies for businesses and investors. Eurocurrency deposits are typically less regulated than domestic deposits, leading to potentially higher interest rates. The most well-known example is the Eurodollar market, where U.S. dollars are held in banks outside the United States.
What was the Third led of the triangular trade?
Generically a triangular trade ships Product A (from Country 1) to Country 2 where it is traded for Product B which is shipped to Country 3 and exchanged for Product C (which is shipped back to Country 1).
Mention differences between internal trade and international trade?
internal trade is business within the country while international country is business outside the country
When were the first Forex trade online services first available outside the US?
The first Forex trade online services that were first available outside the US were the Forex Capital Markets, Fxall and Currenex. Forex trading helps individual and companies to trade around the world using their countries money which is then exchange into the currency of the country they are doing business with.
Why has globalization not work for everyone?
yes it has...............Globalization has increased the number of markets and thus expanded trade to support a global economy instead of just local economies.infact now a farmer can sell his crops not only within a country but outside across the boders also........... yes it has...............Globalization has increased the number of markets and thus expanded trade to support a global economy instead of just local economies.infact now a farmer can sell his crops not only within a country but outside across the boders also...........
Where is it possible to trade in China ETFs outside China?
You can trade in China ETFs outside China by doing one of the following: Creating a brokerage account with a firm in China, contact a market maker, buy shares that trade on exchange outside your country.
What is the change that took place in the African slave trade in the 1500s?
When the Arab slave trade and the Atlantic trade began, many local slave systems changed and began supplying captives for slave markets outside of Africa.
Function of foreign trade?
(i) Foreign trade creates an opportunity for the produces to reach beyond the domestic markets. (ii) Producers can sell their produce not only in markets located within the country but can also compete in markets located in other countries of the world. (iii) For the buyers, import of goods produced in another country is one way of expanding the choice of goods beyond what is domestically produced.
What does country of origin mean?
Country of origin refers to the country where a product was manufactured, produced, or grown. It is used to inform consumers about where a product comes from and can impact factors such as quality, reputation, and trade regulations.
What are the effects of international trade to domestic markets?
· What are the effects of international trade to GDP, domestic markets and university students?
What is the term for when a country sells more than it buys?
The term for when a country sells more than it buys is called a trade surplus. This occurs when the value of a country's exports exceeds the value of its imports, resulting in a positive balance of trade. A trade surplus can indicate a strong economy and competitiveness in global markets.
What has the author M C Conner written?
M. C. Conner has written: 'Transfer and distribution costs for milk to distant markets' -- subject(s): Costs, Mathematical models, Milk trade 'Cost analysis of distributing milk in outside markets' -- subject(s): Costs, Milk trade
