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
The buying and selling of goods and services within a single country
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
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
Which type of trade involves the export and import of goods across international borders?
Foreign trade
Home trade
Entrepot trade
Which type of trade focuses on the exchange of goods within a single country?
Foreign trade
Home trade
Entrepot trade
Which type of trade acts as an intermediary for goods passing through its territory?
Home trade
Foreign trade
Entrepot trade
Define home trade in simple terms.
Home trade refers to the buying and selling of goods and services within the boundaries of a single country.
Explain the purpose of entrepot trade.
Entrepot trade serves as a transshipment point, where goods are temporarily stored, processed, or re-exported to other countries, facilitating the exchange of goods between different regions.