A1 Types of Business Activity
International Trade
International trade is the buying and selling of goods and services between different countries. When a product is bought from another country, it is referred to as an import. When a product is sold to a customer in another country, it is called an export.
Types of Business Activity
An exporting business is one that creates a product in one country and sells it in another.
An importing businesses is a firm or individual that buys goods and services from sellers in other countries
Multinational enterprises are firms that produce and sell products in more than one country.
Associated businesses are organisations that support with aspects of international trade such as marketing and logistics
