Buying products and services from foreign sources and bringing them into the home market is called ________.
A) exporting
B) global sourcing
C) global bartering
D) offshoring

Question

Quizplus · Accepted Answer

Global sourcing refers to the process of purchasing products or services from foreign suppliers and bringing them into the domestic market. Exporting, on the other hand, involves selling products or services to foreign markets. Global bartering is a less common type of global trade where companies exchange goods or services without the use of money. Offshoring refers to the practice of moving business operations to another country to take advantage of lower labor costs.

Buying Products and Services from Foreign Sources and Bringing Them