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8 Questions

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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?

Cross-border trade Signup and view all the answers

What does the term 'globalization' refer to?

Global connectivity Signup and view all the answers

What is the definition of 'strategy'?

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

What is the definition of 'entrepreneurship'?

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

Who is an 'stakeholder'?

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