Question

What does _____ mean in the context of buying products from overseas?

1) Outsourcing
2) Importing
3) Exporting
4) Contracting

Answer 1

2) Importing refers to the process of bringing goods or services into a country from another country for sale or use.

Step-by-step explanation:

In the context of buying products from overseas, importing refers to the process of bringing goods or services into a country from another country for sale or use. It involves purchasing products from foreign suppliers and bringing them into the domestic market. Importing allows businesses to access a wider range of products and expand their market reach.

For example, if a company in the United States buys clothing items from a manufacturer in China and brings them into the U.S. for sale, it is considered importing.