Which of the following statements correctly describes importing? A) w

QUESTION

Which of the following statements correctly describes importing?

A) when a company makes goods domestically to sell domestically
B) when a company buys goods from another country and sells them domestically
C) when a company makes goods domestically and sells them to other countries
D) when a company contracts a foreign company to produce goods to sell around the world
E) when consumers buy goods in another country and bring them to their home country

ANSWER

Answer: B
Explanation: B) Importing involves buying goods from another country to sell in the home country.