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Answer in brief. Give two types of Foreign Trade. - Organisation of Commerce and Management

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प्रश्न

Answer in brief.

Give two types of Foreign Trade.

टीपा लिहा

उत्तर

Trade with other countries is called foreign trade. Foreign trade is of three types.

  1. Import Trade: When the goods or services are purchased from other countries it is called import trade.
  2. Export trade: When the goods are sold to other countries, it is called export trade.
  3. Entrepot trade: It is also called re-exporting. In this case, goods are first brought from one country and again resale to another country. E.g. A buyer from India imports goods from France and exports them to Australia.
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Classification of Business Activities
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पाठ 1: Introduction of Commerce and Business - EXERCISE [पृष्ठ २०]

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बालभारती Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
पाठ 1 Introduction of Commerce and Business
EXERCISE | Q 5. 3) | पृष्ठ २०
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