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A good or service purchased and brought in from another country.   Question 11 options:   International Marketing   Import   Online Purchase   Export

A good or service purchased and brought in from another country.   Question 11 options:   International Marketing   Import   Online Purchase   Export

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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11.

A good or service purchased and brought in from another country.

 

Question 11 options:

 

International Marketing
 

Import
 

Online Purchase
 

Export

 
Expert Solution
INTRODUCTION

Any item or service that is acquired outside of the country of origin is considered an import. Imports and exports make up international trade. If a nation's imports are more than its exports, it has a negative trade balance or a trade deficit.

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