International Business

Chapter 4: Importing, Exporting, and International Trade

Chapter Objectives

  • Describe the processes of importing and exporting.
  • Explain the differences between goods and services.
  • Identify the steps of the importing and exporting processes.
  • Explain why companies and countries trade.
  • Discuss the importance of having balance of trade for countries.
  • Describe the roles played by international trade organizations.
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