Types of trade - SS1 Commerce Past Questions and Answers - page 1
What is home trade?
The buying and selling of goods and services within a single country
The exchange of goods between different countries
The storage and transshipment of goods in a trading hub
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What is foreign trade?
The buying and selling of goods and services within a single country
The exchange of goods between different countries
The storage and transshipment of goods in a trading hub
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What is entrepot trade?
The buying and selling of goods and services within a single country
The exchange of goods between different countries
The storage and transshipment of goods in a trading hub
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Which type of trade involves the export and import of goods across international borders?
Foreign trade
Home trade
Entrepot trade
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Which type of trade focuses on the exchange of goods within a single country?
Foreign trade
Home trade
Entrepot trade
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Which type of trade acts as an intermediary for goods passing through its territory?
Home trade
Foreign trade
Entrepot trade
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Define home trade in simple terms.
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Explain the purpose of entrepot trade.
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