Cross-Border Trade
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Questions and Answers

Which term best describes cross-border exchanges of goods, services, or resources between nations?

  • Local trade
  • International trade (correct)
  • Regional trade
  • Domestic trade

    • What does cross-border trade involve?

  • Exchange of goods within a city
  • Exchange of goods within a single nation
  • Exchange of goods within a region
  • Exchange of goods between two or more nations (correct)

    • What are the types of exchanges involved in cross-border trade?

  • Goods only
  • Services only
  • Goods, services, or resources (correct)
  • Resources only

    • Which term best describes the concept of exchanging goods and services between people or entities in two different countries?

    <p>Cross-border trade</p> Signup and view all the answers

    What does the term 'globalization' refer to?

    <p>Global connectivity</p> Signup and view all the answers

    What is the definition of 'strategy'?

    <p>The body of knowledge that answers questions about the development and implementation of good strategies</p> Signup and view all the answers

    What is the definition of 'entrepreneurship'?

    <p>The recognition of opportunities and the use of resources to implement innovative ideas for new planned ventures</p> Signup and view all the answers

    Who is an 'stakeholder'?

    <p>An individual or organization whose interests may be affected as the result of what another organization does</p> Signup and view all the answers

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