Unit1AbriefintroductiontointernationaltradeKeyI
Answermyquestions1
Internationaltradeisbusinesswhoseactivitiesinvolvethecrossingofnationalborders
Itincludesnotonlyinternationaltradeandforeignmanufacturingbutalsoencompassesthegrowingservicesindustryinareassuchastransportation,tourism,banking,advertising,construction,retailing,wholesaling,andmasscommunications
Itincludesallbusinesstransactionsthatinvolvetwoormorecountries
Suchbusinessrelationshipmaybeprivateorgovernmental
Salesexpansion,resourceacquisitionanddiversificationofsalesandsupplies
Togainprofit
Toseekoutforeignmarketsandprocurement
Therearefourmajorformsasfollows:MerchandiseexportsandImports,ServiceExportsandImports,Investment,andMultinationalEnterprise
Itistheaccountwhichisasummarystatementoftheflowofallinternationalecon