In a short essay, explain the meaning of international trade. Describe the two major forms through which international trade takes place
What will be an ideal response?
International trade describes the exchange of products and services across national borders. Trade involves both products (merchandise) and services (intangibles). Exchange can occur through exporting, an entry strategy involving the sale of products or services to customers located abroad, from a base in the home country or a third country. Exchange also can take the form of importing or global sourcing-the procurement of products or services from suppliers located abroad for consumption in the home country or a third country. While exporting represents the outbound flow of products and services, importing is an inbound activity. Both finished products and intermediate goods (for example, raw materials and components) can be imported and exported.
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A. Statement of revenues B. Earnings statement C. Owners equity statement D. Statement of cash flow's E. Statement of financial position
Which of the following graphically depicts the estimated times (and later, the actual times) for each project task against a horizontal timescale?
A) Gantt chart B) PERT chart C) work breakdown D) project charter